Conocophillips (COP) Soars 3.74% on Morgan Stanley's Bullish Outlook

On May 12, 2025, Conocophillips rose 3.74% in pre-market trading, indicating a strong start to the day for the energy giant.

Conocophillips has been under the radar of Morgan Stanley, which maintained its "overweight" rating for the company on May 9, 2025. The investment bank set a new price target of $118.00 per share, reflecting a positive outlook on the company's future performance.

Despite the overall positive sentiment in the oil and gas sector, Conocophillips experienced a slight decline of 0.26% on May 9, 2025. This minor setback could be attributed to broader market fluctuations or specific company-related news that temporarily affected investor sentiment.