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Fly News Breaks for November 29, 2018
EQNR
Nov 29, 2018 | 06:34 EDT
JPMorgan analyst Christyan Malek downgraded Equinor to Underweight and lowered his price target for the shares to 190 kroner from 230 kroner. Strong portfolio fundamentals appear increasingly priced in with the shares at multi-year highs, Malek tells investors in a research note. He views 2018 as being "as good as it gets" and finds the stock's risk/reward "more negatively skewed" from here.
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