NewRatings.com: Royal Dutch / Shell "equal-weight": “Royal Dutch/Shell's share price is, however, unlikely to appreciate significantly in the near term due to the slow recovery in the company's upstream businesses, Morgan Stanley adds.” (ShellNews.net)

Morgan Stanley

Monday, October 18, 2004

LONDON, October 18 (newratings.com) - Analysts at Morgan Stanley maintain their "equal-weight" rating on Royal Dutch/Shell (ROY.ETR). The target price is set to €45.50.

In a research note published on October 15, the analysts mention that the company is scheduled to report its Q3 results on October 18. The analysts expect Royal Dutch/Shell's earnings growth for the quarter to be ahead of the industry average. Royal Dutch/Shell's share price is, however, unlikely to appreciate significantly in the near term due to the slow recovery in the company's upstream businesses, Morgan Stanley adds.

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