Equinor price target lowered to NOK 280 from NOK 320 at HSBC

HSBC analyst Kim Fustier lowered the firm’s price target on Equinor (EQNR) to NOK 280 from NOK 320 and keeps a Buy rating on the shares. The sharp fall in oil prices since early April has raised pressure on oil majors’ financial frameworks, which were designed to work at $70 per barrel oil, the analyst tells investors in a research note. The firm cut estimates for the global integrated oils.