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Shell Is a ‘Buy’ Before March 16 Update, Credit Suisse Says

By Alexis Xydias

Feb. 19 (Bloomberg) — Royal Dutch Shell Plc shares are a “trading buy” before the company uptades investors on its strategy on March 16, analysts at Credit Suisse Group AG wrote in a report today.

“We argue that the market remains keen to call the ‘turn’ in Shell after seven years of production decline and operational struggles, and that the annual strategy update conducted by Chief Executive Officer Voser in his sophomore year in charge will, rightly or wrongly, be viewed as a catalyst in this turnaround process,” the note said.

Shell’s stock remains rated “neutral” at Credit Suisse.

To contact the editor responsible for this story: Alexis Xydias at +44-20-7073-3372 or [email protected]

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