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26755 MSCPAIR@EC2512A (CALL)
RT Nominal unchange0.140 0.000 (0.000%)

24/06/2024 14:32

{I-bank focus}Morgan lowers Cathay Pacific (00293) to HKD8.1

[ET Net News Agency, 24 June 2024] Morgan Stanley lowered the target price for Cathay
Pacific (00293) to HKD8.1 from HKD10.5 and downgraded the rating to "equal-weight" from
"overweight".
The research house said it sees downside risk to passenger profits amid macro
challenges, but e-commerce-driven demand should support freight earnings. (rc)

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