schreef:
Royal Dutch Shell upgraded to Overweight from Neutral at Piper Sandler Piper Sandler analyst Ryan Todd upgraded Royal Dutch Shell to Overweight from Neutral with a price target of $44, up from $40. The analyst is encouraged by cost reductions that are driving down breakevens across the group, and sees valuations at the European Majors as more attractive relative to the U.S. Majors. Multiples, breakevens, and free cash flow yields are at "historically large discounts," while improving visibility on the medium- and long-term strategy should at least partially alleviate concerns on near-term risks, Todd tells investors in a research note.
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