Jefferies Starts China Petroleum & Chemical (SNP) at Buy
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Price: $45.66 --0%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Jefferies initiates coverage on China Petroleum & Chemical (NYSE: SNP) with a Buy and RMB9.60 price target.
The firm states, "though we have reservations on medium term refining margins, shares appear to be discounting a fuel price increase, which we believe is a necessity in the coming month. Valutations are also scraping the bottom of its historical trading band."
For more ratings news on China Petroleum & Chemical click here and for the rating history of China Petroleum & Chemical click here.
Shares of China Petroleum & Chemical closed at $95.67 yesterday.
The firm states, "though we have reservations on medium term refining margins, shares appear to be discounting a fuel price increase, which we believe is a necessity in the coming month. Valutations are also scraping the bottom of its historical trading band."
For more ratings news on China Petroleum & Chemical click here and for the rating history of China Petroleum & Chemical click here.
Shares of China Petroleum & Chemical closed at $95.67 yesterday.
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