UPDATE: Nomura/Instinet Upgrades Sinopec (SNP) to Buy, Says Strong CF Will Support High Yield in 2018

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March 29, 2018 10:09 AM EDT
Get Alerts SNP Hot Sheet
Price: $45.66 --0%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 19
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(Updated - March 29, 2018 10:11 AM EDT)

(updated to add analyst comment)

Nomura/Instinet upgraded Sinopec (NYSE: SNP) from Neutral to Buy.

Analyst Lin Chen likes the company's 9.1% dividend yield and expects the strong CF to support at least 95% of the payout this year. Further Chen likes the compelling valuation.

For an analyst ratings summary and ratings history on Sinopec click here. For more ratings news on Sinopec click here.

Shares of Sinopec closed at $85.72 yesterday.


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