Equinor: Barclays upgrades stock

(CercleFinance.com) - Barclays announced on Monday that it had upgraded its recommendation on Equinor shares from 'equal weight' to 'overweight', with an unchanged target price of 400 NOK.


In its comments on Monday, the analyst believes that the market is currently too pessimistic about the European natural gas market up to 2025, while LNG supply looks rather limited for the coming year.

The gas market could constitute a solid business area, the broker adds, which also mentions the exposures, to the same business, of Shell, TotalEnergies, Var and Eni - all of which its recommendeds investors to 'overweight'.


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