Why ConocoPhillips Stock Dropped on Tuesday
ConocoPhillips (NYSE: COP) stock slipped 2.2% through 11:15 a.m. ET Tuesday on a double dose of "bad" news. First and most obviously, oil prices are down today, and for a company that makes its money selling oil, that's self-evidently bad news.
Second, and less obviously, Roth/MKM just downgraded ConocoPhillips stock.
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Source Fool.com
ConocoPhillips Stock
€91.82
-3.390%
With 72 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
As a result the target price of 100 € shows a slightly positive potential of 8.91% compared to the current price of 91.82 € for ConocoPhillips.
