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<Research>BofAS Lifts TPs for 3 Major CN Airlines, Upgrades AIR CHINA to Buy
Recommend 1 Positive 8 Negative 5 |
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According to a BofA Securities research report, the broker remains positive on Asia-Pacific airlines for 2026, anticipating that airline profits will be supported by factors such as sustained high ticket prices due to limited supply growth and healthy demand, improved cargo fundamentals, and potential benefits from an oil supply surplus. BofA Securities raised its target prices for CHINA EAST AIR (00670.HK) from HKD2 to HKD2.9, with a rating of Underperform, for CHINA SOUTH AIR (01055.HK) from HKD3.1 to HKD5.92, with a rating upgraded from Underperform to Neutral, and for AIR CHINA (00753.HK) from HKD4.2 to HKD8.3, with a rating upgraded from Underperform to Buy. AAStocks Financial News |
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