Morgan Stanley Downgrades Sinopec Shanghai Petrochemical (NYSE:SHI) to Equal Weight

Sinopec Shanghai Petrochemical ( NYSE:SHI - Get Rating ) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report released on Tuesday, Briefing.com reports.Several other equities analysts have also recently weighed in on the stock. StockNews.com started coverage on shares of Sinopec Shanghai Petrochemical in a research note on Sunday, May 8th. They issued a "buy" rating for the company. JPMorgan Chase & Co. cut shares of Sinopec Shanghai Petrochemical from a "neutral" rating to an "underweight" rating in a research report on Tuesday, April 19th.Shares of SHI stock opened at…