In a Q3 earnings preview for the European Energy sector, Morgan Stanley analyst Martijn Rats upgraded Equinor to Equal Weight from Underweight. The analyst maintained a Cautious sector stance, given the “weak” oil outlook into 2025, but noted that with a “tighter” gas market, the firm upgraded Equinor back to Equal Weight. Morgan Stanley added that it sees a “particularly bearish sentiment” for BP (BP), Repsol (REPYY), and Neste (NTOIY).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQNR:
- Equinor price target lowered to NOK 240 from NOK 250 at JPMorgan
- Equinor Strengthens Green Portfolio with Ørsted Stake
- Equinor price target lowered to NOK 230 from NOK 245 at Citi
- Equinor price target lowered to NOK 400 from NOK 450 at Barclays
- Equinor downgraded to Hold from Buy at Kepler Cheuvreux