Deutsche Bank Downgrades Royal Dutch Shell (RDS-A) to Hold
Get Alerts RDS-A Hot Sheet
Rating Summary:
21 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 10
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Deutsche Bank downgraded Royal Dutch Shell (NYSE: RDS-A) from Buy to Hold with a price target of GBP 2425 (from GBP 2600).
Analyst Lucas Herrmann said, "As we enter 2015 it’s hard not to feel that this is exactly the kind of macro backcloth that Shell was designed for. Solid balance sheet, substantial if depressed cash flow, through-cycle approach to investment, sustainable approach to dividends and so on. Absent a continued deterioration in the macro less than clear to us, however, is why it should outperform? Good company, solid long term outlook, very happy holders but, macro aside, we lack the imagination to be buyers. Move to Hold."
For an analyst ratings summary and ratings history on Royal Dutch Shell click here. For more ratings news on Royal Dutch Shell click here.
Shares of Royal Dutch Shell closed at $65.56 yesterday.
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