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Cathay Pacific hit new low in a decade after shares cut to “strong sell”


Cathay Pacific Airways Ltd., the biggest airline in Hong Kong, was downgraded to a “strong sell” by the investment banking arm of China’s biggest lender, citing the fallout from the mass protests in the city which is set to hurt to the airline’s brand.

Industrial & Commercial Bank of China Ltd. on Tuesday slapped target price of the airline's Hong Kong-listed stock to HK$6, about a third less than where it currently trades and a . . .

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