TD Cowen Reiterates Hold Rating on Equinor ASA (ADR) (EQNR)

TD Cowen analyst Jason Gabelman reiterated a Hold rating and $42.00 price target on Equinor ASA (ADR) (NYSE: EQNR).

The analyst commented: "Production, Offshore Wind, and Buyback in Focus; We see the June 16 CMD as a positive event. We forecast 2026 buyback raise from $1.5B to $4B, with potential for a 2027 buyback guide. We anticipate it will keep 2030 production unchanged despite divestments. We expect it to at a minimum maintain no new offshore wind projects while it could delineate cash flow from future projects that gives market confidence in embedding Power CFO. Raise to $42."

For an analyst ratings summary and ratings history on Equinor ASA (ADR) click here. For more ratings news on Equinor ASA (ADR) click here.

Shares of Equinor ASA (ADR) closed at $37.65 yesterday.

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