Baader Europe upgraded Equinor to Add from Reduce with a price target of NOK 393, up from NOK 320. The company’s dividend yield has been considerably increased due to its reinforced commitment to raising shareholder returns, the analyst tells investors in a research note. The firm is now forecasting a $3.60 per share dividend in fiscal 2023, equivalent to a 12% yield at the current share price.
Published first on TheFly
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