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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>