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
See Insiders’ Hot Stocks on TipRanks >>
Read More on SHEL: