Morgan Stanley Downgrades Sinopec Corp (SNP) to Underweight

July 15, 2008 7:42 AM EDT

Morgan Stanley downgrades Sinopec Corp (NYSE: SNP) from Equalweight to Underweight.

China Petroleum & Chemical Corporation (Sinopec Corp.) is an energy and chemical company, which through its subsidiaries, engages in integrated oil and gas, and chemical operations in the People’s Republic of China.


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