Analysts Raise Price Targets for ConocoPhillips and Digital Realty Trust
Key Facts
Major financial institutions have revised their outlooks for the energy and real estate sectors, with Raymond James Financial raising its price target for ConocoPhillips (COP) to $145.00, while D.A. Davidson & CO. increased its stake in the firm by 10.5% to a value of $14.57 million. Meanwhile, BofA Securities adjusted its target for COP to $123.00 as technical indicators suggest a bearish tilt below key resistance levels. In the real estate sector, Scotiabank increased its price target for Digital Realty Trust (DLR) to $222.00. Conversely, Altria Group reported a Q4 earnings miss with an EPS of $1.30 on revenue of $5.08 billion. Following these results, D.A. Davidson & CO. reduced its position in Altria by 8.4%, highlighting a shift in institutional sentiment across different value stocks.