Equinor upgraded to Overweight from Underweight at JPMorgan

JPMorgan analyst Matthew Lofting double upgraded Equinor (EQNR) to Overweight from Underweight with a price target of NOK 330, up from NOK 240. The shares should be revisited amid signs of tightening European gas, the company’s key value driver, the analyst tells investors in a research note. The firm says liquified natural supply growth slippage leaves 2025 European supply/demand balances tight and price sensitive. It calls Equinor a “standout” in gearing to gas.