JPMorgan analyst Karen Li upgraded Cathay Pacific to Overweight from Neutral with an HK$11 price target. The analyst expects the airline to follow its regional peers with a first half of 2023 profit beat indicating its post-COVID earnings power has been underestimated.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>