Weekly Trader and Bond Markets 24.06.2024- Smurfit Kappa Group, Shell & Newmont Corp

24.06.2024



Opportunities this week:

  • We are reiterating our BUY rating on Smurfit Kappa Group following the favourable news flow for the stock last week. (BUY PT: €47.50)
  • Following further EU sanctions on Russian LNG and the acquisition of Pavilion Energy last week. We are reiterating our BUY rating on Shell. (BUY PT: £34)
  • We are dropping our coverage of Newmont due to operational issues and the fact we no longer see it as a suitable proxy for the gold price. (Dropping Coverage)