AlphaValue/Baader Europe Downgrades Shell to Reduce, Reduces PT

08:27 AM EDT, 08/04/2026 (MT Newswires) -- AlphaValue/Baader Europe on Monday downgraded oil and gas giant Shell (SHEL.L, SHELL.AS) to reduce from add and decreased the price target to 33.78 pounds sterling from 38.36 pounds. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)