Lyon: China Petroleum & Chemical Corporation (00386) faces a real test in the second quarter, lowering the target price to 4.9 Hong Kong dollars

The Wisdom Financial APP learned that Lyon released a research report stating that considering potential risks, the earnings per share forecast for China Petroleum & Chemical Corporation (00386) for the years 2026 to 2028 has been lowered by 2% to 7%. The target price for Sinopec Corporation H shares has been lowered from 5.2 Hong Kong dollars to 4.9 Hong Kong dollars, while the target price for Sinopec Corporation A shares (600028.SH) has been lowered from 7.1 yuan to 6.4 Chinese yuan. Both maintain a "outperform" rating.