Oppenheimer Cuts ConocoPhillips To Hold As ‘Deficit Spending Continues’

ConocoPhillips (COP) gained after reporting a better-than-expected second quarter last week, helped by deeply slashing costs. Bloomberg News However, not everyone is upbeat about ConocoPhillips, including those that are worried about the safety of its dividend. Now, you can add Oppenheimer to that list. Analysts Fadel Gheit and Luis Amadeo downgraded the stock to Perform [...]