ConocoPhillips (COP) -1.2% premarket after shares are downgraded to Sell from Neutral at Goldman...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP) -1.2% premarket after shares are downgraded to Sell from Neutral at Goldman Sachs. COP "continue[s] to trade more like a defensive super major rather than a somewhat higher-beta domestic oil/E&P post the spin-off of its downstream assets," the firm says, as it sees greater upside elsewhere in the integrated/domestic oil and refiner sector.