Citi reduced ConocoPhillips' price target to $115 but still recommends buying

From Yahoo Finance: 2025-06-18 09:55:00

Citi cut ConocoPhillips’ (NYSE:COP) price target to $115 but maintains a Buy rating. The stock hit a four-year low compared to the U.S. energy index, presenting an investment opportunity. Despite OPEC challenges, Citi sees strong upside potential in COP shares. An underground pipeline network transports oil through varied terrain, prompting Cramer to recommend selling COP and buying another stock. ConocoPhillips (NYSE:COP) engages in oil exploration, production, and marketing. While it offers investment potential, AI stocks may have greater upside with less risk. Consider an undervalued AI stock for potential gains.

Read more: Citi Cuts ConocoPhillips’ (NYSE:COP) PT but Maintains Buy