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Sharecast.com: Broker tips: Shell, AstraZeneca, Sage, Imperial, Centrica

Fri 02 Feb 2007

LONDON (SHARECAST) – Goldman Sachs has downgraded shares in Royal Dutch Shell to “neutral” from “buy” and trimmed its price target to 1900p from 2050p.

The US broker applauded the results with profits and reserve replacement ahead of expectations but said cap-ex of up to $4bn is a concern.

JP Morgan also cut its stance on the oil group to “neutral” from “overweight”, while Dresdner Kleinwort cut its stance to “hold” from “buy”.

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