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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly