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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly