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Benchmark downgrades Royal Dutch Shell (RDS.A) shares from Hold to Sell

Downgrades: RDS
Friday, October 2, 2:06 PM ET

This morning, Benchmark downgraded shares of Royal Dutch Shell (RDS.A) from Hold to Sell as the firm believes Wall Street EPS estimates for 2010 are too high. The firm has set a price target of $42 per share, almost twenty five percent below Thursday’s closing price.

Investors were unmoved by the downgrade, as shares of Royal Dutch Shell remained close to even this morning.

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