Shell (SHEL) Downgraded to ‘Overweight’, Price Target Raised by $15.30

Shell plc (NYSE:SHEL) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Shell (SHEL) Downgraded to 'Overweight', Price Target Raised by $15.30

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

On March 24, Morgan Stanley downgraded Shell plc (NYSE:SHEL) from ‘Overweight’ to ‘Equal Weight’, but raised its price target on the stock from $80.20 to $95.50. The revised target indicates an upside of over 2% from the current levels.

The development comes after Morgan Stanley re-shuffled its order to preference towards higher-beta stocks in the European energy sector. According to the firm’s analysts, Martijn Rats and Guilherme Levy, the path for global crude oil prices to return to their pre-conflict levels is ‘narrowing’, even if the US-Iran war comes to an end. As a result, the analysts bumped their Brent price estimate for 2027 to $80 per barrel. Incorporating this and other recent commodity estimates, as well as disruption effects, Morgan Stanley raised its EPS estimates for European energy majors by roughly 100% for 2026 and around 50% for 2027.

On the other hand, BofA seems bullish on Shell plc (NYSE:SHEL) and recently raised its price target on the stock (read the details here).

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