HSBC analyst Parash Jain downgraded Cathay Pacific to Hold from Buy with a price target of HK$8.50, down from HK$9.50. The analyst says the company’s weaker yields are offsetting better traffic.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly