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Fly News Breaks for January 3, 2020
EQNR
Jan 3, 2020 | 08:50 EDT
RBC Capital analyst Biraj Borkhataria raised his price target on Equinor to NOK225 and kept his Outperform rating, saying there's a case to be made for the stock to re-rate higher given its relatively stronger free cash flows and returns. The analyst contends that the company's multiple should be closer to its peers rather than its historical 20%-40% discount, adding that the market is also not attributing much value to its offshore wind portfolio.
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