JP Morgan Initiates ConocoPhillips With Underweight

Analysts at JP Morgan initiated coverage on

with a Underweight rating. The target price for ConocoPhillips is set to $68. ConocoPhillips shares have dropped 7.68% over the past 52 weeks, while the S&P 500 index has surged 10.30% in the same period. ConocoPhillips' shares fell 2.85% to close at $63.07 yesterday.