Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Drops PETROCHINA (00857.HK) TP to $7.8, Rating Overweight
Recommend 19 Positive 24 Negative 29 |
||||
|
||||
|
Morgan Stanley released a research report. Taking into account the performance of PETROCHINA (00857.HK) in 1Q24, it dropped its net profit forecast for 2024-26 by about 2% to reflect the adjustment the profit expectation of the natural gas business for hedge. Morgan Stanley believed that with the formation of a market-oriented pricing mechanism, the value of the gas business will be enhanced. Concurrently, under the present oil price environment, the broker expected that the loss of imported natural gas will be controlled. It rated PETROCHINA at Overweight, with a TP lowered from $7.9 to $7.8. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
