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Article: Stock of Royal Dutch Shell Gets Mixed Assessment from Analysts.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 2, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sunday Business, London Knight Ridder/Tribune Business News
Feb. 2--Oil stocks have taken a battering over the past week -- even more so than the rest of the beleaguered market -- so it is with trepidation that many shareholders will wait for Royal Dutch Shell's year-end results on Thursday.
Despite recent events, broker Merrill Lynch makes a compelling case for investors to hang on to their holdings. It says "buy" with a low volatility risk and a 535 pence price target, representing a potential 50 percent upside on current sliding prices.
It points to the group's triple-A S&P rating, its extremely strong balance sheet and the fact that ...