Morgan Stanley Upgrades CHU to Overweight, Downgrades CHL, CHA to Equal Weight
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In an intraday research note, Morgan Stanley has revised its investment ratings on several stocks in the Chinese Telecom sector:
- upgraded China Unicom (NYSE: CHU) to Overweight
- downgraded China Mobile (NYSE: CHL) to Equal Weight, and
- downgraded China Telecom (NYSE: CHA) to Equal Weight
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