Piper Sandler Maintains Overweight on Shell, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains an Overweight rating on Shell (NYSE:SHEL) but lowers the price target from $75 to $67.
June 13, 2023 | 4:38 pm
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Piper Sandler maintains Overweight rating on Shell, lowers price target from $75 to $67.
The news of Piper Sandler maintaining an Overweight rating on Shell but lowering the price target from $75 to $67 may have a neutral short-term impact on the stock price. While the Overweight rating indicates a positive outlook, the reduced price target may cause some investors to reevaluate their positions. The overall impact is expected to be neutral as the lowered price target is still higher than the current stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100