Equinor: Berenberg upgrades to buy
(CercleFinance.com) - On Wednesday, Berenberg upgraded on Equinor shares from 'hold' to 'buy', with a TP raised from 290 SEK to 350 SEK.
The broker justifies its optimism by the firmness of European gas prices, a trajectory it sees continuing into 2025 and 2026.
As a result, it has raised its earnings estimates for the Norwegian energy company, which are now above the market consensus.
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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.
The broker justifies its optimism by the firmness of European gas prices, a trajectory it sees continuing into 2025 and 2026.
As a result, it has raised its earnings estimates for the Norwegian energy company, which are now above the market consensus.
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.