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Why Mizuho Increased Its Target Price on ConocoPhillips

Rabindra Samanta
Why Mizuho Increased Its Target Price on ConocoPhillips

On June 26, Mizuho increased its target price on ConocoPhillips (COP) by $6 to $80 and changed its rating from a "neutral" to a "buy." On June 25, COP closed at $59.77. Among the 20 analysts tracking ConocoPhillips stock, 65% have given it “buys.”