ConocoPhillips price target raised to $90 from $85 at Oppenheimer Oppenheimer boosted its price target on ConocoPhillips after the company targeted a 3%-5% CAGR in both production and margin and reported higher than expected Q1 EPS. The firm thinks the company's outlook has improved slightly and it keeps an Outperform rating.
Exxon Mobil upgraded to Equal Weight from Underweight at Barclays Barclays analyst Paul Cheng upgraded Exxon Mobil (XOM) to Equal Weight citing the oil major's relative dividend yield. Cheng raised his price target for shares to $85 from $80. The analyst, however, prefers shares of ConocoPhillips (COP) or Suncor (SU) over Exxon (XOM).