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Morgan Stanley Reiterates Buy Rating on ConocoPhillips with $117 Price Target
ByAinvest
Wednesday, Nov 26, 2025 2:56 pm ET1min read
Morgan Stanley maintains a Buy rating on ConocoPhillips (COP) with a $117 price target. The company reported Q3 2025 earnings per share of $1.38 and adjusted earnings per share of $1.61, with strong financial and operational performance. ConocoPhillips expects lower capital and operating costs in 2026, with flat to modest production growth, and is on track to deliver $7 billion in incremental free cash flow by 2029.
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