Sinopec downgraded to Hold from Buy at Jefferies Jefferies downgraded Sinopec as the firm expects 2013 to be a year of restructuring and share price volatility for the company. The firm believes that the company lacks visibility and transparency.
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Sinopec downgraded to Market Perform from Outperform at Bernstein Bernstein downgraded Sinopec as the firm was disappointed by the price the company received for its Marketing Co subsidiary. The firm also thinks that Sinopec's decision to acquire the petrochemical assets of Yizheng Company is misguided.