Morgan Stanley Downgrades Equinor to Underweight, Lowers Price Target to $25.8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Equinor (NYSE:EQNR) from Equal-Weight to Underweight and reduced its price target from $30.5 to $25.8.
August 29, 2024 | 9:26 am
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Morgan Stanley has downgraded Equinor from Equal-Weight to Underweight, reducing the price target from $30.5 to $25.8, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by a major financial institution like Morgan Stanley suggests a negative outlook on Equinor's stock. The lowered price target from $30.5 to $25.8 further supports this bearish sentiment, likely leading to a short-term decline in stock price.
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