Goldman Sachs lowered the firm’s price target on ConocoPhillips (COP) to $128 from $132 and keeps a Buy rating on the shares. The company’s reported better than expected Q4 results thanks to strong U.S. and International E&P earnings, the analyst tells investors in a research note. The firm is also positive on ConocoPhillips’ strong track record of quarterly and operational execution as well as the management’s commitment to capital returns.
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