Posted by: Market Watch in Market Information 14 minutes in the past Morgan Stanley upgraded Royal Dutch Shell to obese from equal-weight,
Morgan Stanley upgraded Royal Dutch Shell to obese from equal-weight, and BP to equal-weight from underweight, whereas it downgraded Equinor to equal-weight from obese. Shell’s new monetary framework and dividend coverage ship a robust sign about administration’s confidence within the agency’s money producing skill, the dealer mentioned. On Equinor, Morgan Stanley mentioned the dividend hike has now materialized, and so its power transition technique, publicity to European fuel costs and lack of publicity to refining are priced in. Following BP’s underperformance and its yield increasing to eight.1%, the dealer mentioned concern about its unsure earnings and money circulate outlook is also priced in. The dealer saved its obese on Complete and underweight on Eni .Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
Learn Full Story
