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Fly News Breaks for January 14, 2020
Jan 14, 2020 | 07:29 EDT
As reported previously, Susquehanna analyst Biju Perincheril initiated coverage of ConocoPhillips with a Positive rating. The analyst's rating is underpinned by its significant free cash flow generation and commitment to return most of the excess funds to shareholders. Perincheril has a $80 price target on ConocoPhillips shares.
News For COP From the Last 2 Days
Oct 29, 2020 | 09:25 EDT
Scotiabank analyst Paul Cheng last night downgraded Concho Resources (CXO) to Sector Perform from Outperform with a price target of $43, down from $70, to reflect the pending merger agreement with ConocoPhillips (COP). The probability of a third-party higher bidder has been "significantly reduced" following the merger announcement between Pioneer Natural Resources (PXD) and Parsley Energy (PE).