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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