Friday, April 17, 2015

C Suisse lifts CATHAY PAC AIR target to $23 on better-than-expected operating statistics



Technical view using ART system

Now we see CATHAY PAC AIR has changed from orange to green, it indicates the trend is changed from bearish to bullish. Below is a finance news of  CATHAY PAC AIR from AAStocks Financial News for your reference.

Credit Suisse stated that the statistics of CATHAY PAC AIR (00293.HK)  in March reflects a strong performance in its first quarter. Its operating situation exceeded the broker's estimate. Due to the fuel price and the possibly-better-than-expected performance in its associates, the broker lifted the earnings forecast in 2015, 2016 and 2017 by 9%, 7% and 6% respectively. The rating was maintained at Outperform while the target price was lifted from $19.5 to $23.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-04-17 12:25.)

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