Shell: supported by a broker upgrade

(CercleFinance.com) - Shell is up over 1%, outperforming the trend in London, helped by UBS, which has raised its recommendation for the British oil and gas company from 'neutral' to 'buy', with a target price of 3,000 pence, up from 2,800 pence.


Shell has the highest FCF (free cash flow) yield in the sector, as well as the safest share buybacks and the potential for six billion dollars in additional cost savings", the broker points out.

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