ConocoPhillips price target raised to $147 from $146 at Bernstein

Bernstein analyst Bob Brackett raised the firm’s price target on ConocoPhillips to $147 from $146 and keeps an Outperform rating on the shares. ConocoPhillips reported a strong earnings beat for Q4, driven primarily by surging NGL volumes and cost control, the analyst tells investors in a research note. The stock remains Bernstein’s top E&P idea for 2024.