Citi lowered the firm’s price target on ConocoPhillips to $145 from $160 and keeps a Buy rating on the shares. The analyst updated forecasts to reflect downward revisions to U.S. gas prices in 2023 and a slightly slower pace of growth in Upstream volumes than previously assumed. However, the firm believes ConocoPhillips still offers "visible, differentiated and profitable growth."
Published first on TheFly
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