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)