08-Jul-2009 12:05 PM
Cathay Pacific shares jump on broker upgrade and Qantas profit forecast slashed by UBS
Analysis
Cathay Pacific shares jumped 6.2% yesterday, going against the 0.7% drop on the Hong Kong Hang Seng Index. JP Morgan raised the rating for the carrier's stock from "underweight" to "overweight" on expectations the airline's earnings outlook would improve.
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