UBS upgraded Equinor (EQNR) to Neutral from Sell with a price target of NOK 410, up from NOK 275. The firm cites its higher oil and gas price forecasts over 2026 and 2027 for the upgrade. Equinor is the most sensitive European integrated to European gas prices and has no direct exposure to the Middle East, the analyst tells investors in a research note. UBS upgraded the shares after increasing its earnings estimates materially.
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