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Equinor EBITDA Growth Estimate Raised as AlphaValue/Baader Europe Notes Upward Trend in Commodities

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AlphaValue/Baader Europe lifted its long-term EBITDA growth forecast for Equinor (EQNR.OL) as it noted increasing output amid an upward trend in commodities.

"We raise Equinor's long-term EBITDA growth assumption because the mix is shifting toward gas and LNG, whose demand and role in the energy transition support more durable margins, which adds recurring growth beyond the explicit horizon from [1.7%] to 2%," the research firm said Thursday.

The energy company's sell-rated stock has a price target of 322 Norwegian kroner.

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