BofA analyst Christopher Kuplent raised the firm’s price target on Shell (SHEL) to 3,250 GBp from 2,900 GBp and keeps a Neutral rating on the shares. Reflecting risks of a prolonged shutdown of the Strait of Hormuz, the firm’s commodities research team raised oil and gas price forecasts across 2026-27, driving higher price targets across the firm’s European oil and gas coverage.
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