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Fly News Breaks for June 8, 2016
RDS.A
Jun 8, 2016 | 07:12 EDT
As previously reported, Evercore ISI upgraded Royal Dutch Shell to Buy from Hold and $64 price target. Analysts led by Doug Terreson said the company publicly acknowledged corrective strategies which emphasize returns at the expense of growth. Shell's new performance measures emphasize value creation, mainly "higher ROCE" with ROCE objectives in each major business also, the analyst wrote. Terreson said the change differentiates the company from its "Super-Majors" peers and while value creation is harder to achieve, accountability, organizational effectiveness, and shareholder value stand to increase considerably.
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