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Fly News Breaks for August 8, 2019
AIRYY
Aug 8, 2019 | 06:46 EDT
JPMorgan analyst James Teo downgraded Air China to Neutral from Overweight and lowered his price target for the shares to 8.70 yuan from 10.30 yuan. The analyst believes Chinese Airlines shares could fall further in the near term as the yaun depreciates further to 7.35 by year-end.
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