UPDATE: Jefferies Raises PT on ConocoPhillips Following Free Cashflow Handicap

In a report published Monday, Jefferies analyst Iain Reid reiterated a Hold rating on ConocoPhillips (NYSE: COP ), and raised the price target from $60.00 to $65.00. In the report, Jefferies noted, “Our deep-dive into the global majors free cashflow prospects identifies four winners, Total, Petrobras, BP and Eni. Key drivers