Argus Upgrades Royal Dutch Shell (RDS-A) to Buy

Argus upgraded Royal Dutch Shell (NYSE: RDS-A) from Hold to Buy with a price target of $73.00.

The analyst expects Shell’s underperformance relative to the S&P and the Energy sector over the last five years to reverse as the company cuts costs, improves its return on capital, and maintains adequate liquidity.

"We believe that these efforts will result in significantly improved profitability as oil prices begin to recover and enable the company to demonstrate its underlying earnings power," the analyst said.

They are raising 2015 EPS estimate to $4.60 from $4.15 and our 2016 estimate to $4.98 from $4.16.

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 $54.13 yesterday.

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