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<Research>Citi Slightly Lifts CATHAY PAC AIR (00293.HK) TP to $11.6; Rating Buy
Recommend 11 Positive 15 Negative 7 |
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Citi Research issued a research note, adjusting its earnings forecast for CATHAY PAC AIR (00293.HK) based on 2023's performance and the latest industry trends, raising its core earnings forecast for 2024 and 2025 by 22%-46%, which was 2% and 6% below the street consensus. With business travel recovering and airlines reporting strong data, and China outbound travel continuing to recover, Citi upheld a positive view on the HK airline, with a slightly higher target price of $11.6, and an unchanged Buy rating. AAStocks Financial News |
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