(Bloomberg) -- PetroChina Co. had its stock rating
raised by Deutsche Bank AG because climbing oil prices and a
Shanghai listing by the nation's biggest oil company are likely
to prompt further gains in its shares.
The stock was upgraded to ``buy'' from ``hold'' and the
target price increased to HK$13.38 from HK$12.21, Deutsche Bank
analysts David Hurd and Christine Pu wrote in a research note.
Read more at Bloomberg Emerging Markets News
raised by Deutsche Bank AG because climbing oil prices and a
Shanghai listing by the nation's biggest oil company are likely
to prompt further gains in its shares.
The stock was upgraded to ``buy'' from ``hold'' and the
target price increased to HK$13.38 from HK$12.21, Deutsche Bank
analysts David Hurd and Christine Pu wrote in a research note.
Read more at Bloomberg Emerging Markets News
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