UBS Maintains A Buy Rating On ConocoPhillips (COP)

Group 1 - UBS maintains a Buy rating on ConocoPhillips (COP) and raises its price target from $117 to $120 [1] - Mizuho reaffirms its Outperform rating on ConocoPhillips and increases its price objective to $121 from $120 [3] - The energy sector is expected to strengthen in 2026, with improved prospects for oilfield services and natural gas exploration [2] Group 2 - Mizuho notes that despite negative sentiment towards US oil and gas companies due to oversupply concerns, exploration and production are undervalued based on long-term fundamentals [4] - Mizuho suggests reallocating risk towards oil exploration and production companies with a selective bias for gas stocks [4]