Equinor: My New Buy Target Is $35/Share, Taking Profits At Over $45
Equinor remains a buy despite its significant share price appreciation since the Iran war began. Europe's oil and gas inventories are being heavily depleted, strengthening Equinor's market position as the continent's largest natural gas producer. The analyst sets a new buy target at $35 per share and recommends taking profits above $45.
- ▪Europe's oil and gas inventories are being heavily depleted, increasing demand for natural gas suppliers like Equinor.
- ▪Equinor is positioned as Europe's largest natural gas producer, giving it a strategic advantage in the current market.
- ▪The analyst maintains a buy rating on Equinor with a target entry price of $35 per share.
- ▪Profits are recommended to be taken when the stock price exceeds $45.
- ▪The assessment comes amid rising energy demand and geopolitical tensions linked to the Iran war.
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