Wells Fargo Maintains Overweight on Shell, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Shell (NYSE:SHEL) but lowers the price target from $91 to $90.
June 21, 2024 | 1:00 pm
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Wells Fargo analyst Roger Read maintains an Overweight rating on Shell but lowers the price target from $91 to $90.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This mixed signal is likely to have a neutral short-term impact on Shell's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100