The Rabid Capitalist

Professor Glenn A. Okun

Shell (SHEL): Morgan Stanley initiated coverage of the firm with an equal weight and a price target of $69.50.

BP (BP): Morgan Stanley launched its coverage with an overweight rating and a $46.90 price target.

TotalEnergies (TTE): Morgan Stanley initiated coverage of the stock with an overweight rating and a $82.90 price target.

N.B.: The Rabid Capitalist views the initiation of research coverage by a major investment bank as a positive development for these stocks.  It suggests that the firm expects positive fundamental and financial performance by these firms in the future.