UBS: Raises PetroChina (00857.HK) target price to HK$13.3, maintains "Buy" rating, bullish on operating trends

Zhitong Finance APP has learned that UBS released a research report stating that it has raised the target price of PetroChina (00857.HK) from HK$12.8 to HK$13.3, maintaining a "Buy" rating. Considering the company's first nine months' performance and operating outlook, the bank has raised its 2026 earnings forecast by 5% and remains optimistic about the company's operating trends, expecting the upstream business to continue benefiting from high oil prices.