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<Research>M Stanley Forecasts CNOOC to Rise over Next 15 Days, Rating Overweight
Recommend 16 Positive 20 Negative 15 |
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Morgan Stanley has released a research report predicting that the share price of CNOOC (00883.HK) has a 70-80% chance of rising within the next 15 days. In light of the rapid developments in the Middle East that have caused oil prices to skyrocket amid concerns over energy supply disruptions, Morgan Stanley believed that CNOOC's stock price might rebound following a correction triggered by recent weakness in oil prices. Morgan Stanley currently rates CNOOC as Overweight with a target price of HKD17.6. AAStocks Financial News |
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