Jefferies downgraded Equinor to Underperform from Hold with a price target of NOK 270, down from NOK 330. The firm reduced gas price assumptions and says names with higher exposure to spot prices, like Equinor, are seeing the most material impact on its earnings forecasts. Jefferies is close to strip prices in 2024 but sees 12% and 39% downside for 2025 and 2026, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EQNR: