Bank of America Securities Sticks to Its Buy Rating for Shell (SHEL)
In a report released on June 27, Christopher Kuplent from Bank of America Securities maintained a Buy rating on Shell (SHEL – Research Report), with a price target of $86.00. The company's shares closed last Friday at $70.98.
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According to TipRanks, Kuplent is a 2-star analyst with an average return of 0.1% and a 62.90% success rate. Kuplent covers the Energy sector, focusing on stocks such as Shell, Shell (UK), and Tenaris.
In addition to Bank of America Securities, Shell also received a Buy from Wells Fargo's Roger Read in a report issued on June 25. However, on June 16, Bernstein downgraded Shell (NYSE: SHEL) to a Hold.
Based on Shell's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $69.23 billion and a net profit of $4.78 billion. In comparison, last year the company earned a revenue of $72.48 billion and had a net profit of $7.36 billion
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