06:15 AM EDT, 07/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price for Shell to USD67 from USD59 based on a 2025 P/E of 10.5x, which reflects 0.25 standard deviation below its 10-year average of 11.6x, given lower Brent oil price prospects. Following Shell's Q2 2025 outlook update, we continue to expect a weaker Q2 2025 results, which will be announced on July 31, 2025. This comes from the upstream division as average Brent oil price declined by 10.3% Q/Q to USD68/bbl in Q2 2025 from USD76/bbl in Q1 2025 coupled with upstream production decline guidance of 5.1%-10.5% to 1.66-1.76 million boe/d from 1,855 million boe/d. We lift our opinion to Hold from Sell following the recent crude oil price rebound, which benefited the stock's fairly-strong positive correlation of 63% to Brent oil prices over the past five years. Medium-term prospects remain clouded due to potential 2H 2025 decline in oil prices, while the remaining marketing and chemicals segments may be impacted by slower global economic growth expectations.