Zacks Investment Research has upgraded Sinopec Shanghai Petrochemical (NYSE: SHI) from a "strong sell" rating to a "hold" rating in a report released on Saturday, reports Zacks.com.
"Shanghai Petrochemical Company Ltd. is the largest petrochemical company in China, according to Zacks. The business manufactures crude oil into synthetic fibres, resins and plastics, petrochemical intermediates and petroleum prod....
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