Wells Fargo Maintains Overweight on Shell, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Shell (NYSE:SHEL) but lowers the price target from $88 to $84.
September 27, 2024 | 3:36 pm
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Wells Fargo has maintained its Overweight rating on Shell but has reduced the price target from $88 to $84, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Shell's performance, but the lowered price target indicates a tempered outlook. This mixed signal is likely to result in a neutral short-term impact on Shell's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100