JPMorgan analyst Lei Mu upgraded Sinopec Shanghai to Neutral from Underweight with a HK$1.40 price target. The analyst says a refining margin recovery should support the company’s 2023 earnings outlook.
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