TD Cowen lowered the firm’s price target on Shell (SHEL) to $76 from $82 and keeps a Buy rating on the shares. The firm raised its estimates for Q1 following company guidance however the believe the futures outlook is likely more relevant than prior results in the current environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell’s Resilience and Strong Financial Position Justify Buy Rating
- CVX, XOM, SHEL: Oil Prices Fall Below $60 a Barrel as Recession Fears Spike
- Shell lowers Q1 lowers its integrated gas production estimate
- SHEL, CVX, BP: Oil Stocks Crash Alongside Crude Prices As OPEC+ Increases Production
- Shell Midstream agreed to sell shares in Colonial Enterprises to Brookfield