05-Feb-2009 11:16 AM
Air China soars after upgrade, Cathay lower - share wrap
Analysis
Air China's shares soared 8.6% on 04-Feb-09 after Deutsche Bank upgraded the airline to a "buy" on stronger domestic traffic and raised its 12-month target price by 6.5% to HKD2.45.
Deutsche Bank downgraded Air China's cross-equity partner, Cathay Pacific to "sell" from "hold" on the carrier's weak premium demand profile. Cathay shares fell 1.6% yesterday.
Asia Pacific selected airlines daily share price movements (% change): 04-Feb-09
