New for subscribers: Rising oil prices and potential buybacks make ConocoPhillips a buy, Bank of America says. Check out CNBCPro today.
ConocoPhillips Co. signage is displayed on the floor of the New York Stock Exchange in New York, U.S., on Friday, Nov. 4, 2016.Higher oil prices and the potential for larger returns to shareholders makes ConocoPhillips a hard stock for investors to resist, according to Bank of America.
Analyst Doug Leggate upgraded the oil stock to buy from neutral on Wednesday, saying that the company could throw off enough cash to offset long-term concerns about the business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: