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Fly News Breaks for July 2, 2018
CPCAY, CEA
Jul 2, 2018 | 07:16 EDT
Deutsche Bank analyst Joe Liew downgraded China Eastern Airlines (CEA) to Hold saying higher fuel expenses are a headwind for Asian airlines. Further, the recent yean depreciation has increased the risk premium on Chinese airline stocks, Liew tells investors in a research note. His top pick in the space is Cathay Pacific (CPCAY).
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