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[UBS: Raise the target price of PetroChina Co., Ltd. to HK$13.3, maintaining a "buy" rating] On November 2, UBS issued a research report stating that it raised the target price of PetroChina Co., Ltd. (00857) from HK$12.8 to HK$13.3, maintaining a "buy" rating. Taking into account the company's performance and operating prospects in the first nine months, the bank raised its 2026 profit forecast by 5% and remained optimistic about the company's operating trends. It is expected that the upstream business will continue to benefit from high oil prices.
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