NEW YORK (AFX) – Lehman Brothers said it has upgraded ConocoPhillips Inc to ‘overweight’ from ‘equal weight’ previously as it believes the company is undervalued after its strong fourth-quarter results and the possibility of a strong first quarter. “After falling more than 19% since year-end 2001, versus nearly 28% decline in the S&P 500, we…
COMPANY: ConocoPhillips upgraded to ‘overweight’ vs ‘equal weight’ Ð Lehmans
Posted on February 24, 2003 by EnergyAsia