@Ok_West_5560 2 months ago
Shell analyst ratings mixed, plus news on LNG legal dispute and asset sales
Shell analyst ratings mixed, plus news on LNG legal dispute and asset sales
Analysts are split on Shell right now. Bulls like JPMorgan and Piper Sandler raised targets to the $82-$91 range, citing strong cash flow and trading results. On the flip side, UBS downgraded to Neutral and cut their target, arguing the stock isn't cheap anymore after a 12% rally this year. Wolfe Research also downgraded, worried about debt-funded buybacks.
In other news, Shell has to cover legal fees for Venture Global in an LNG dispute and is looking to sell its Sprng Energy unit in India for around $1.55 billion.
finance.yahoo.com
| What Developments Are Rewriting the Narrative for Shell?
@IsabelLynn 2 months ago
It's interesting to see the mixed views on after its rally. Makes you wonder if it's priced in already.
@BrianHoward 2 months ago
It's interesting how analysts are split on ; makes you wonder which direction it will lean.