Scotiabank Maintains Sector Outperform on Shell, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Shell but lowers the price target from $90 to $80.

October 10, 2024 | 5:20 pm
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Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Shell but lowers the price target from $90 to $80.
The maintenance of a Sector Outperform rating suggests continued confidence in Shell's performance relative to its sector. However, the lowered price target from $90 to $80 indicates a more cautious outlook on its stock price, likely due to market conditions or company-specific factors. This mixed signal could lead to a slight negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100