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Citigroup Upgrades Royal Dutch Shell To Buy

FOX BUSINESS: Friday, August 14, 2009

LONDON — Royal Dutch Shell was upgraded to buy from hold at Citigroup on Friday. “We believe growing visibility around project delivery over the next 12-24 months should finally provide the impetus to unlock material upside in the most deeply discounted value case in the sector,” the broker said. Shares rose 1.5%.

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