The Zhitong Finance App learned that Lyon released a research report saying that CNPC (00857, 601857.SH) H shares were mispriced by the market; the bank raised CNPC's 2026-2028 earnings forecast by 2% to 8%, and raised the target price of H shares from HK$12 to HK$12.4 using SOTP valuation, and raised the target price of A-shares from RMB 15.9 to RMB 16, maintaining a “outperforming the market” rating.

The Zhitong Finance App learned that Lyon released a research report saying that CNPC (00857, 601857.SH) H shares were mispriced by the market; the bank raised CNPC's 2026-2028 earnings forecast by 2% to 8%, and raised the target price of H shares from HK$12 to HK$12.4 using SOTP valuation, and raised the target price of A-shares from RMB 15.9 to RMB 16, maintaining a “outperforming the market” rating.