Equinor: Barclays cuts target price

(CercleFinance.com) - Barclays maintains its 'equal weight' recommendation on Equinor shares, with a target price reduced from 450 NOK to 400 NOK, expecting a difficult Q3 earnings season for the energy group.


The persistent weakness of macro conditions will reduce profits by 15% sequentially, mainly driven by refining and upstream oil, the broker predicts, which nevertheless sees Equinor as the likely outperformer this quarter.


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