ConocoPhillips (COP.US) pre-performance: Morgan Stanley maintains "overweight" rating - Q3 performance expected to be stable, but cash flow performance may be lower than expected.

According to the Securities Times app, ConocoPhillips (COP.US) will release its third-quarter 2025 earnings before the US stock market opens on November 6th. Morgan Stanley analyst Devin McDermott has reduced the stock's target price from $123 to $122 while maintaining a "hold" rating. Morgan Stanley expects the company to deliver solid third-quarter operating data, but also notes that due to weakening prices of natural gas and liquefied natural gas, the company's cash flow performance may be lower than market expectations.