JPMorgan downgraded China Resources Gas to Neutral from Overweight with a price target of HK$27.50, down from HK$32. The analyst turned cautious on China gas utilities ahead of first half of 2023 results on potential earnings misses and cuts in management guidance.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>