Scotiabank raised the firm’s price target on Shell (SHEL) to $80 from $70 and keeps an Outperform rating on the shares. The firm is updating its price targets of U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- BP Stock (BP) Surges on Oil Barrel Bonanza
- Shell downgraded to Neutral from Outperform at Grupo Santander
- BP, Shel: Oil Stocks Rise as OPEC Sees Oil Demand Hitting 123M Barrels by 2050—No Peak in Sight
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Lower Oil and Gas Prices to Dent Exxon’s (XOM) Q2 Earnings