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Fly News Breaks for January 16, 2019
CEA
Jan 16, 2019 | 20:26 EDT
HSBC analyst Parash Jain upgraded China Eastern Airlines two notches to Buy from Reduce and raised his price target to HKD5.40 from HKD3.70 as part of his broader research note on Chinese Airlines. The analyst sees more positives for the sector such as more favorable oil prices, and FX rates, anticipating doubling of profits in 2019.
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