Information Provided By:
Fly News Breaks for January 23, 2019
OMVKY, EQNR
Jan 23, 2019 | 08:38 EDT
Credit Suisse analyst Thomas Adolff downgraded Equinor (EQNR) and OMV AG (OMVKY), each to Underperform from Neutral, stating that he sees the least upside for them among the Euro Oil Majors. His EPS estimates for both are "comfortably below consensus" for FY19-20, Adolff noted. He lowered his price target on Equinor shares to NOK230 from NOK240 and keeps an unchanged EUR50 target for OMV shares.