Fly News Breaks for February 3, 2019
Feb 3, 2019 | 18:53 EDT
As previously reported, Goldman Sachs analyst Neil Mehta upgraded ConocoPhillips to Buy from Neutral and raised his price target to $82 from $76. The analyst also raised his 2019-2022 cash flow forecasts by an average of 8% following better than expected Q4 results to reflect better long-term differential assumptions outside of the U.S., a reduced operating cost outlook given recent trends, higher oil volumes in the Lower 48, Alaska, Asia to reflect project-by-project builds and slightly higher Australia LNG distribution payments up to Conoco.
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