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Rating: SNP

China Petroleum & Chemical Corporation (NYSE: SNP) downgraded to Neutral by Macquarie

Thursday,  Nov 12, 2015  12:25 PM ET by Lynn Gilbert

Macquarie downgraded China Petroleum & Chemical Corporation (NYSE: SNP) to Neutral.
Previously, Macquarie rated China Petroleum & Chemical Corporation (NYSE: SNP) to Outperform on 06/23/2015, when the stock price was valued at $88.44.

China Petroleum and Chemical Corp. is a joint-stock company focusing on its core business of petroleum and petrochemicals with integrated upstream, mid-stream and downstream operations and a complete marketing network. The company's scope of business includes exploration, development, production and marketing of petroleum and natural gas, refining and marketing, production and marketing of petrochemicals, chemical fibers, chemical fertilizers and other chemicals, pipelinetransportation of petroleum and natural gas.

Macquarie include comprehensive research analysis of equities, economics, commodities, debt markets, foreign exchange, futures and ESG. We have one of the largest research teams in the Asia-Pacific, as well as teams in Europe, North America and South Africa – all providing powerful local market insight.

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