Cathay Pacific downgraded to Neutral from Overweight at JPMorgan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
0mins
Source: Business Insider
JPMorgan Downgrade: JPMorgan has downgraded Cathay Pacific from Overweight to Neutral, lowering the price target from HK$12.30 to HK$11, citing a balanced risk-reward scenario despite the airline's strong performance with a 35% increase since mid-November.
Market Position: Cathay Pacific is currently the top-performing airline stock globally, but analysts are cautious due to its peak trading multiples and potential growth challenges ahead.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
