Equinor: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its outperformance rating on the Equinor share, while raising its target price to 220 Norwegian kronor, from 205 Norwegian kronor previously.
The broker also announces an extension to its forecast period, with it now including 2026.
This translates into a slightly higher return on average capital employed (ROACE) at the end of the year (12.1%, based on Brent oil price of 60 dollars per barrel), the analyst says.
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