Shell Plc downgraded after soft trading update

Shell Plc downgraded after soft trading update Proactive uses images sourced from Shutterstock RBC Capital Markets has downgraded Shell PLC to 'Sector Perform' from 'Outperform', citing mounting concerns over the energy major's resource depth and what the bank calls a rare "double miss" on earnings. The investment bank cut its price target to 3,200p from 3,600p, implying roughly 12% upside from current levels. Analyst Biraj Borkhataria argues Shell delivered a soft trading update that triggered earnings ...