CLSA: Raises PetroChina (00857.HK) target price to HK$12.4, maintains "Outperform" rating

Zhitong Finance APP has learned that CLSA issued a research report stating that PetroChina's (00857, 601857.SH) H-shares are mispriced by the market; the bank has raised PetroChina's earnings per share forecasts for 2026 to 2028 by 2% to 8%, and using SOTP valuation, has raised the H-share target price from HK$12 to HK$12.4, and the A-share target price from RMB15.9 to RMB16, maintaining an "Outperform" rating.