Lyon: Upgraded Cathay Pacific Airways (00293.HK) to "outperform" with a target price of HK$16.4.

According to the Chinese financial news app, Sina Finance, the brokerage firm Lyon released a research report stating that it has raised the target market-to-book ratio of Cathay Pacific Airways (00293.HK) from 1.41 times to 1.61 times, and the target price from 13.5 Hong Kong dollars to 16.4 Hong Kong dollars. The rating has been upgraded from "hold" to "outperform the market".