UPDATE: Credit Suisse Initiates on Royal Dutch Shell on Resource Depth and Growing Dividend on Aggregate over the Medium Term

In a report published Thursday, Credit Suisse analyst Thomas Adolff initiated an Outperform rating on Royal Dutch Shell

and initiated a price target of 2350.00 p. In the report, Credit Suisse says "RDS' resource depth and breadth, technology leadership, ability to cover both organic capex and a growing dividend on aggregate over the medium term with low gearing leave it relatively well positioned to drive shareholder returns longer term. On the Global Oils team, RDS, CVX and TOT are our preferred Majors." Royal Dutch Shell closed on Wednesday at 2075.00 p.