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Morgan Stanley keeps Cathay Pacific Overweight, sets HK$16.9 target price

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  • Morgan Stanley maintained an Overweight rating and HK$16.9 target price for Cathay Pacific.
  • Cathay Cargo’s August volume increased 9% year over year, reaching more than 150,000 tonnes.
  • Cathay Pacific and HK Express carried over 3.6 million passengers in August, a monthly record.
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