Cathay Pacific Is the World’s Least-Favorite Airline Stock
- Company has lowest analyst ranking among global peers
- Stock has fallen to a record low versus the Hang Seng Index
Why Analysts Are Cutting Their Recommendations for Cathay
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Cathay Pacific Airways Ltd. has collected an unwanted title.
Equity strategists have less enthusiasm for the carrier than any other member of the Bloomberg World Airlines Index, according to a ranking of analyst ratings. Cathay shares have tumbled 11 percent this month, falling to a record low versus Hong Kong’s Hang Seng Index on Aug. 22, as brokerages including Credit Suisse Group AG cut their recommendations on the stock.