Wells Fargo Maintains Overweight Rating for Shell: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Shell (NYSE:SHEL) and raised its price target from $74.00 to $77.00. Shell's shares are trading up 1.98% at $60.53, with a potential 27.2% increase if the price target is reached.
June 15, 2023 | 5:02 pm
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Wells Fargo maintains Overweight rating for Shell and raises price target to $77.00. Shell's shares are trading up 1.98% at $60.53, with a potential 27.2% increase.
Wells Fargo's decision to maintain its Overweight rating and raise the price target for Shell indicates a positive outlook for the company. This news is likely to boost investor confidence and drive the stock price up in the short term. The 27.2% potential increase in share price also highlights the growth potential for Shell.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100