Opportunities this week:
- Last week, Shell held its bi-Annual Capital Markets Day. Given the positive change in guidance provided and the solid upside to our £32.30 price target we are adding the name to our Analyst Conviction List.
- More customer friendly results in the US for FanDuel, along the wider equity market selloff, has Flutter‘s shares down almost 20% over the past month. We reiterate our BUY rating on the stock, given there is now 28% upside to our $293 price target.
- Our meeting with CRH‘s IR team last week highlighted management’s generally positive outlook for the year ahead, following this, and some recent weakness in the shares, we reiterate our Buy rating with an unchanged price target £87.50.