Berenberg analyst James Carmichael upgraded Equinor (EQNR) to Buy from Hold with a price target of NOK 325, up from NOK 290. European gas prices have been strong so far in Q4, and the forward curve also suggests strong pricing through 2025 and 2026, the analyst tells investors in a research note. The firm significantly increased forecasts for Equinor’s adjusted earnings, which now sit ahead of consensus.
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Read More on EQNR:
- Equinor ASA Advances Share Buy-back Program
- Equinor upgraded to Overweight from Equal Weight at Barclays
- Largest borrow rate increases among liquid names
- Redburn upgrades Equinor to Buy with European gas tightening
- Equinor ASA Boosts Share Buy-back for Employee Incentives
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
