Lyon: lowered target price of China Petroleum & Chemical Corporation (00386) to 4.5 Hong Kong dollars, maintaining "outperform" rating.

iMoney Financial App learned that, according to a research report released by Lyon, based on the sum-of-the-parts valuation method, the target price of China Petroleum & Chemical Corporation (00386) has been revised down from 4.6 Hong Kong dollars to 4.5 Hong Kong dollars; while the target price of Sinopec (600028.SH) has been adjusted from 6.5 Chinese yuan to 6.3 Chinese yuan. The bank maintains its "outperform the market" rating on Sinopec's H shares and A shares, but it is worth noting that Lyon's preference order for the "Big Three Oil Companies" is PetroChina (00857), CNOOC (00883), and lastly Sinopec.