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Fly News Breaks for March 4, 2020
RDS.A
Mar 4, 2020 | 12:19 EDT
Morgan Stanley analyst Martijn Rats lowered the firm's price target on Royal Dutch Shell to 1,950 GBp from 2,060 GBp and keeps an Equal Weight rating on the shares. In a European Oil & Gas sector note, Rats noted that energy commodities are approaching the lows of 2016, and remain under pressure due to the outbreak of the coronavirus. Rats sees potential for a bounce, but not for a period of sustained outperformance.