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BofAML Cuts Oil Price Forecast; Revises TPs on 3 Major Oil Stocks
2019-06-17 11:40:39
Bank of America Merrill Lynch in its research report cut 2019 and 2020 London Brent oil forecasts by US$5/bbl respectively to average US$65/bbl and US$60/bbl.

The broker maintained Buy on SINOPEC CORP (00386.HK) and CNOOC (00883.HK) at the target price $6.4 and $15.1, down from $6.9 and $16.3; PETROCHINA (00857.HK) was rated Neutral at the target price $4.9, revised from $5.1.

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