TD Cowen analyst Jason Gabelman lowered the firm's price target on Shell to $107 from $110 and keeps a Buy rating on the shares. The firm adjusted targets in the oil majors space as part of a Q2 earnings preview. TD sees "pockets of opportunity" in the sector following the "rapid correction" in crude prices and equities. The firm favors Shell, Chevron and TotalEnergies into earnings season.
