ConocoPhillips price target lowered to $141 from $160 at Barclays

Barclays analyst Jeanine Wai lowered the firm’s price target on ConocoPhillips to $141 from $160 and keeps an Overweight rating on the shares. The analyst says that while "bears want to roll forward" the capex thesis to 2024 and beyond, the positives of ConocoPhillips’ more durable cash returns, competitive payout yield, and getting past the Willow hump "carry far more weight."