UBS has maintained a "Neutral" rating for Shell, setting a target price of 2800 pence. Analyst Joshua Stone noted that the company's decision to step back from leading new offshore wind projects aligns with the new management's focus on return-driven strategies.
UBS AG has maintained a "Neutral" rating for Shell (formerly Royal Dutch Shell) with a price target of 2750 Pence. Analyst Joshua Stone noted that the company met expectations following its quarterly report, reflecting a stable outlook for the energy giant.
UBS has maintained a "Neutral" rating for Shell, setting a target price of 2750 pence. Analyst Joshua Stone noted that the company met expectations following its quarterly report.
European markets are set to open lower as traders await euro zone inflation data. Carlsberg reported a 0.9% revenue growth in Q3 2024, while AB InBev's revenue rose 2.1%, both falling short of expectations. Shell posted a stronger-than-expected profit despite a year-on-year drop, while Japan's central bank indicated potential rate hikes amid economic recovery. In China, the manufacturing PMI showed expansion for the first time since April, signaling improved economic conditions.
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