ConocoPhillips price target raised to $151 from $148 at Truist

Truist raised the firm’s price target on ConocoPhillips to $151 from $148 and keeps a Buy rating on the shares after its Q2 earnings beat. The company offers premiere U.S. upstream inventory coupled with a material amount of attractive LNG assets, the analyst tells investors in a research note. ConocoPhillips offers other attractive assets such as Surmont and Willow that will produce strong cash flow along with a stellar balance sheet, Truist added.