ConocoPhillips Downgraded; Cash Flow Might Not Cover Dividend, Says Goldman
June 20, 2012 at 10:08 AM EDT
Goldman Sachs analyst downgraded ConocoPhillips (COP) to sell today as the company is now one of more defensive stocks in the sector, and isn’t likely to benefit from a rise in the price of oil as much as its peers. Conoco is trading 1.1% lower this morning, while competitor ExxonMobil (XOM) is up 0.7%. “Relative [...]
