ConocoPhillips (NYSE:COP) saw several brokerages trim price targets this week—UBS, Mizuho and Truist—while its Alaska president said federal and industry backing for new Arctic projects could accelerate approvals and bolster the company’s Alaska operations.
Previous Week Recap
- Brokerages Cut COP Targets: Brokerages cut ConocoPhillips (COP) price targets this week: UBS to $143 from $155, Mizuho to $146 from $150, and Truist to $115 from $128 — relevant for traders tracking target shifts.
- Arctic Alaska Support Boosts COP: ConocoPhillips Alaska president Erec Isaacson said federal and industry support for new Arctic and Alaska energy projects could boost ConocoPhillips’ Alaska operations and project approvals.
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