Citi analyst Kaseedit Choonnawat downgraded Singapore Airlines (SINGY) to Sell from Neutral with a price target of S$5.16, down from S$5.19. Choonawat sees Cathay Pacific (CPCAY) being better positioned than Singapore Airlines given that Cathay and cross-shareholder Air China are the main connectors to the mainland, the analyst tells investors.
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Published first on TheFly