UBS downgraded Equinor (EQNR) to Sell from Neutral with a price target of NOK 230, down from NOK 245. The firm expects Equinor’s earnings to disappoint over the next couple of years amid lower commodity prices and a lack of growth in both oil & gas and low carbon, the analyst tells investors in a research note. UBS expects Equinor’s returns to decline to $6.2B in 2026 as the company’s gearing rises, limiting its ability to use debt to maintain shareholder returns.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQNR:
- Equinor price target lowered to NOK 248 from NOK 250 at Morgan Stanley
- Equinor downgraded to Hold from Buy at SEB Equities
- Smackover Lithium’s Arkansas project receives royalty rate approval
- Equinor Allocates Shares to Insiders Under Incentive Program
- Equinor ASA Declares Fourth Quarter 2024 Cash Dividend