Seeking Alpha
31 Oct 2026, 06:48 UTC · 1h ago
Shell: Strong Q3 Results, But I Would Wait Before Buying (Downgrade)
Impact · against what's priced in
Shell is downgraded to Hold as the risk-reward profile compresses. While Q3 results were strong, the market is now weighing a peak in earnings power against an expected normalization of refining margins and gas prices by 2027-2028.
- SHEL−0.20
No priced-in read yet
- In context
The downgrade to Hold and a target price of $111 indicates that strong Q3 results are outweighed by the expected normalization of margins and prices through 2028.
Read from the article alone
