Fly News Breaks for May 14, 2019
May 14, 2019 | 04:57 EDT
Citi analyst Horace Chan double upgraded Sinopec Shanghai H shares to Buy from Sell and raised his price target for the shares to HK$4.50 from HK$3.20. The analyst believes the company will benefit from the International Maritime Organization's new rule in 2020 that will require ocean-going ships to switch from high sulfur fuel oil to either low-sulfur fuel oil or diesel.
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