HSBC Upgrades Shell (SHEL) and Repsol to Buy Amid Improved Cash Flow

HSBC upgraded both Shell (SHEL:NYSE) and Repsol to 'Buy' from 'Hold', citing stronger cash flow estimates and improved medium-term upstream growth visibility, particularly for Shell following its $16.4 billion acquisition of ARC Resources.

By Carl Surran, SA News Editor · Seeking Alpha ·

HSBC Upgrades Shell (SHEL) and Repsol to Buy Amid Improved Cash Flow

Tickers: $SHEL

Topics: HSBC analysis oil and gas stock upgrade

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