30-Mar-2010 4:13 PM
Air Arabia shares downgraded; Kenya Airways continues fall;
Analysis
Air Arabia (-0.9%) slipped on Monday (29-Mar-2010) after HC Research cut its rating on the LCCs shares from 'Buy' to 'Hold', citing rising yield pressures, due to excess capacity and competition. The analysts also cut Air Arabia's price target by 12%, to AED1.11.
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