Analysts are Upgrading These 5 Stocks

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1. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 71

Shares of ConocoPhillips (NYSE:COP) rose in pre-market trading Wednesday, October 5, after Erste Group improved its ratings for the crude oil producer from “Hold” to “Buy,” citing elevated energy prices.

The research firm believes ConocoPhillips (NYSE:COP) is taking advantage of increasing global energy prices. Erste Group added that the company would continue to enjoy a high operating margin next year.

Earlier this year, investment management firm Diamond Hill Capital discussed ConocoPhillips (NYSE:COP) in its first-quarter 2022 investor letter. Here’s what the firm said:

“We redeployed capital into ConocoPhillips (NYSE:COP), which was trading at a discount to our estimate of intrinsic value and is well positioned over the long run due to its low-risk asset base.”

You can also take a peek at 10 Best Consumer Discretionary Stocks To Buy and 10 Best Cyclical Stocks for Inflation.

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