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HSBC upgrades Cathay Pacific rating, citing benefits of fuel price drop

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HSBC upgrades Cathay Pacific rating, citing benefits of fuel price drop

HSBC has upgraded Cathay Pacific from a 'Reduce' to a 'Hold' rating, meaning that its stock is expected to perform in line with the broader sector, citing benefits from a drop in fuel prices—something that the report states is counterbalancing growing challenges within the airline’s cargo busine...

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