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Shell downgraded to Equal Weight from Overweight at Morgan Stanley
The Fly

Shell downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Martijn Rats downgraded Shell to Equal Weight from Overweight with a price target of 2,767 GBp, down from 2,922 GBp. The analyst sees a more balanced outlook for the energy sector and downgraded its industry view to In-Line. Consensus estimates are high across the sector, which at a minimum leaves little room for upside, the firm tells investors in a research note.

Published first on TheFly

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