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newratings.com: Royal Dutch Shell downgraded to “hold”

Monday, February 05, 2007 0:16:46 AM ET
Deutsche Bank

LONDON, February 5 (newratings.com) – Analyst Lucas Herrmann of Deutsche Bank downgrades Royal Dutch Shell Plc (ticker: RDSA-EUR) from “buy” to “hold.” The target price has been reduced to 1,875p.

In a research note published on February 2, the analyst mentions that the company has posted its 4Q results ahead of the consensus. Royal Dutch Shell has achieved exploration success and is continuously investing to boost its growth prospects, the analyst says. Deutsche Bank adds, however, that taking into account Royal Dutch Shell’s continued investments with no growth, there is limited upside to the company’s share price.

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