UBS Cautious on ConocoPhillips (COP) Amid Increased Willow Project Cost Estimates, Maintains ‘Buy’ Rating

ConocoPhillips (NYSE:COP) is one of the most undervalued NYSE stocks to buy right now. On November 12, UBS lowered the firm’s price target on ConocoPhillips to $117 from $122 and kept a Buy rating on the shares. Despite the financial challenges faced by the company associated with the Willow CapEx, UBS kept its optimistic forecast unchanged. Earlier on November 6, Bloomberg reported that ConocoPhillips increased its total spending plan for the Willow oil and natural gas project in Alaska to as much as $9 ...