Analyst Reiterates Buy Rating on ConocoPhillips (COP)

Core Viewpoint - Jefferies has reiterated a 'Buy' rating on ConocoPhillips (COP) with a price target of $120, suggesting a nearly 30% upside potential from the current share price, indicating strong future prospects for the company [2] Group 1: Analyst Ratings and Price Targets - Jefferies maintains a 'Buy' rating on ConocoPhillips and sets a price target of $120, reflecting confidence in the company's long-term resource potential [2] - UBS has also raised its price target for ConocoPhillips from $117 to $120 while keeping a 'Buy' rating, suggesting a positive outlook for the energy sector leading into 2026 [4] Group 2: Project Developments - The Willow project in Alaska is highlighted as a significant growth opportunity, with an estimated peak production of 180,000 barrels of oil per day and a projected cost of $7 – $7.5 billion, with first oil expected in 2029 [3]