Petrochina Downgraded to Underperform at Credit Suisse
OREANDA-NEWS. August 30, 2013. Petrochina (NYSE:PTR) was downgraded by research analysts at Credit Suisse from an “outperform” rating to an “underperform” rating in a report released, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein upgraded shares of Petrochina from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, July 8th. Separately, analysts at BNP Paribas upgraded shares of Petrochina from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. Finally, analysts at HSBC upgraded shares of Petrochina from an “underweight” rating to an “overweight” rating in a research note to investors on Tuesday, July 2nd.
One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of USD116.00.
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