Neutral
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Proactive Investors
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about one month ago
RBC has nudged down its third-quarter profit forecast for Shell PLC (LSE:SHEL, NYSE:SHEL) after the energy major's trading update, while simultaneously lifting its cash flow estimate, leaving a mixed but broadly constructive picture for the stock. The broker, which rates Shell sector perform with a 4,000 pence target, cut its adjusted net income estimate for the quarter from $12.0 billion to $1...