Information Provided By:
Fly News Breaks for January 14, 2020
Jan 14, 2020 | 04:51 EDT
Berenberg analyst Henry Tar upgraded Royal Dutch Shell to Buy from Hold with a EUR 33.50 price target. The analyst expects an incremental $6B of cash flow and potential $8B of buybacks in 2020, giving the company the "highest cash returns" of the group. Following underperformance in 2019, the risks to oil prices are starting to be skewed to the upside, Tar tells investors in a research note.