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Royal Dutch Shell downgraded

Extract from “Today’s Top Equity Ratings Changes”

By Andrea Tryphonides

Another week begins and we are here to guide you through the top rating changes in Europe Monday:

• Firstly Credit Suisse has downgraded Royal Dutch Shell to neutral from outperform following the company’s fourth quarter results released on Feb. 2. The brokerage highlights lower 2012-15 free cash flow estimates, cut by 22% due to higher capital expenditure. Also, it sees little potential for Shell to re-rate on multiples given sector-average free cash and dividend growth in the medium term.

COMPLETE SOURCE ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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