HSBC Upgrades Shell (SHEL) to 'Buy' Following ARC Resources Acquisition
HSBC analyst Kim Fustier upgraded Shell plc (NYSE:SHEL) from 'Hold' to 'Buy', raising the price target by over 14%. The upgrade follows Shell's $16.4 billion acquisition of Canadian energy firm ARC Resources, which has improved cash flow estimates and growth visibility.
Topics: ARC Resources acquisition dividend stocks HSBC upgrade Shell