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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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