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Fly News Breaks for September 19, 2018
CEA
Sep 19, 2018 | 07:52 EDT
Jefferies analyst Andrew Lee double upgraded China Eastern Airlines to Buy from Underperform saying he believes the negative drivers, namely the depreciating yuan renminbi and higher oil prices, are priced in at current share levels. He also sees the continuation of higher pax yields and lower ex-fuel unit costs as positive catalysts.
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