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.
Shells stock remains rated neutral at Credit Suisse.
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