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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 10:12 EDT
Goldman Sachs analyst Marcus Chu downgraded Sinopec Shanghai to Sell from Neutral with a HK$2.31 price target. The analyst expects the company will continue to suffer from below mid-cycle petrochemical margins and limited organic growth in 2020 and 2021.
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