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Bloomberg
Cathay Pacific Airways Ltd. saw some rare analyst love this week, but it wasn’t enough to shift it from its unenviable position as the world’s least favoured airline stock.
The Hong Kong-based carrier’s biggest half-yearly loss in two decades saw some analysts boost their ratings on the shares this week—on expectations things can only get better for the beleaguered Cathay. With the consensus target price projecting a 5.1 percent stock decline over the next 12 months, the relief rally may prove short-lived.