Equinor: share down, with analyst cutting target price
(CercleFinance.com) - The Equinor share is one of the biggest fallers of the Oslo Stock Exchange this Friday morning, hit by a UBS analyst, who decided to cut the target price for the Norwegian energy group.
At 11:45 am, the Equinor share was down 1.2% at 152.30 Norwegian kronor, while the OSEBX index was down just 0.1%.
In a research note, UBS says that it has cut its target price from 200 to 160 kronor, to take into account a "more challenging" near term macro (environment).
"Acknowledging emerging value but combination of volatile oil and weak natgas pricing keeps us Neutral," the broker says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
At 11:45 am, the Equinor share was down 1.2% at 152.30 Norwegian kronor, while the OSEBX index was down just 0.1%.
In a research note, UBS says that it has cut its target price from 200 to 160 kronor, to take into account a "more challenging" near term macro (environment).
"Acknowledging emerging value but combination of volatile oil and weak natgas pricing keeps us Neutral," the broker says.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.