Wells Fargo analyst Roger Read lowered the firm’s price target on Shell (SHEL) to $83 from $87 and keeps an Overweight rating on the shares. The firm says its slight downward revision of its Q1 EPS estimate to $1.68 reflects Shell’s published quarterly update and remains below consensus of $1.80.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell price target lowered to $76 from $82 at TD Cowen
- Shell’s Resilience and Strong Financial Position Justify Buy Rating
- CVX, XOM, SHEL: Oil Prices Fall Below $60 a Barrel as Recession Fears Spike
- Shell lowers Q1 lowers its integrated gas production estimate
- SHEL, CVX, BP: Oil Stocks Crash Alongside Crude Prices As OPEC+ Increases Production