Morgan Stanley raised its 2011 and 2012 EPS estimates for ConocoPhillips (NYSE:COP) and maintained its underweight rating and $70 price target. The bank now sees 2011 EPS of $7.40, up from $6.82 per share, and 2012 EPS of $7.73, up from $7.64 per share. ConocoPhillips is currently above its 50-day moving average (MA) of $73.55 and above its 200-day of $62.02.
