JPMorgan downgraded Equinor (EQNR) to Underweight from Neutral with a price target of NOK 240, down from NOK 260. The firm says diesel-led refining names offer a hedge against a strengthening oil price. It believes risks Equinor’s cash return are not priced into the stock’s valuation.
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Read More on EQNR:
- Equinor downgraded to Hold from Buy at Pareto
- Equinor price target lowered to NOK 260 from NOK 270 at JPMorgan
- Equinor ASA: Strong Balance Sheet and Attractive Cash Returns Justify Buy Rating Despite 2Q25 Challenges
- Equinor downgraded to Hold from Buy at HSBC
- Equinor ASA: Hold Rating Amid Uncertainties in Cash Flow, Debt Guidance, and Strategic Expansion