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.
Published first on TheFly
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.
Published first on TheFly