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.
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