# Undervalued Shell, Repsol raised to Buy at HSBC, citing robust cash flow.

*business · news · 2026-05-18 · Seeking Alpha*

## Key points

- HSBC upgraded Shell from Hold to Buy due to higher projected cash flow.
- Shell's $16.4B acquisition of ARC Resources is improving upstream growth visibility.
- Repsol was also raised to Buy by HSBC based on similar cash flow expectations.
- Shell's stock rose 3.7% after the HSBC rating upgrade announcement.

**Companies:** Shell, HSBC
**Countries:** United Kingdom

[Read the full story on Seeking Alpha](https://seekingalpha.com/news/4594614-shell-repsol-raised-to-buy-at-hsbc)

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