Equinor: UBS raises target price
(CercleFinance.com) - UBS considers the results to be solid and close to expectations, with a slightly improved investment outlook.
Following this publication, the analyst confirms his neutral opinion on the stock, but raises his target price slightly to E280 (from E275).
"We are raising our target price slightly following the results", UBS says.
Equinor announced results that were broadly in line with expectations. Operating profit of $6.887bn was 3% below consensus and 2% below UBSe, but adjusted profit excluding financial items of $2.043 billion was 1% above consensus and 6% above UBSe thanks to lower taxes, UBS adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Following this publication, the analyst confirms his neutral opinion on the stock, but raises his target price slightly to E280 (from E275).
"We are raising our target price slightly following the results", UBS says.
Equinor announced results that were broadly in line with expectations. Operating profit of $6.887bn was 3% below consensus and 2% below UBSe, but adjusted profit excluding financial items of $2.043 billion was 1% above consensus and 6% above UBSe thanks to lower taxes, UBS adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.