Analysts fell to the sidelines weighing in on Conocophillips (COP) and United States Steel (X) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Piper Jaffray analyst Blake Fernandez reiterated a Hold rating on Conocophillips yesterday and set a price target of $75. The company’s shares closed yesterday at $66.74.
According to TipRanks.com, Fernandez is a 4-star analyst with an average return of 10.3% and a 61.7% success rate. Fernandez covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Royal Dutch Shell A, and Hollyfrontier Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conocophillips with a $75.10 average price target, a 12.5% upside from current levels. In a report issued on February 1, Jefferies also reiterated a Hold rating on the stock with a $75 price target.
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United States Steel (X)
In a report released yesterday, Tyler Kenyon from Cowen & Co. reiterated a Hold rating on United States Steel, with a price target of $21.50. The company’s shares closed yesterday at $22.57.
According to TipRanks.com, Kenyon is a 2-star analyst with an average return of 12.1% and a 100.0% success rate. Kenyon covers the Basic Materials sector, focusing on stocks such as Schnitzer Steel Industries, Cleveland-Cliffs Inc, and AK Steel Holding.
Currently, the analyst consensus on United States Steel is a Hold with an average price target of $23.63, which is a 4.7% upside from current levels. In a report issued on January 28, Morgan Stanley also upgraded the stock to Hold with a $21 price target.
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