Jefferies Downgrades CNOOC Ltd. (CEO) to Underperform
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Nomura Securities Upgrades CNOOC Ltd. (CEO) to Neutral
January 14, 2015 8:57 AM ESTNomura Securities upgraded CNOOC Ltd. (NYSE: CEO) from Reduce to Neutral and cu its price target from HKD 11.40 to HKD 10.10.
Analyst comments, "We revise down our 2015 and 2016 net profit estimates by 57% and 28%, respectively, based on our much lower oil price assumptions. Our new 2015F EPS forecast is now 47% below the Street, which is... More
