1125 GMT - Shell's updated strategy builds on its 'Sprint to 2025' momentum and throws down the gauntlet to its peers, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. The London-listed energy major's investment case is compelling as portfolio simplification, capital-expenditure discipline and operational optimization will deliver improved returns, they write. Its fortress balance sheet will allow for sector-leading returns, they add. The analysts raise the stock's target price to 3,800 pence from 3,500 pence. Shares trade up 1.8% at 2,814.00 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 07:25 ET (11:25 GMT)
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