Morgan Stanley: PetroChina (00857.HK) Q3 core EPS beat expectations; maintains "Overweight" rating and HK$13.25 target price

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating that it maintains an "Overweight" rating and a target price of HK$13.25 for PetroChina (00857.HK). Supported by year-on-year increases in energy prices, the company's third-quarter results were solid, with earnings per share up 23% year-on-year and down 7% quarter-on-quarter, in line with the bank's expectations; core earnings per share were RMB 0.29, 3% higher than the bank's expectation.