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Fly News Breaks for August 8, 2019
ZNH
Aug 8, 2019 | 06:47 EDT
JPMorgan analyst James Teo downgraded China Southern Airlines to Neutral from Overweight and lowered his price target for the shares to 6.70 yuan from 8.70 yuan. The analyst believes Chinese Airlines shares could fall further in the near term as the yuan depreciates further to 7.35 by year-end.
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