UBS: Raises Cathay Pacific (00293.HK) target price to HK$20.1, expects ROE to remain at a high level.

Zhitong Finance APP has learned that UBS released a research report stating that the recent weakness in Cathay Pacific's (00293.HK) share price reflects market concerns about fuel costs, but the market underestimates the durability of its return on equity. The bank raised its target price from HK$19.4 to HK$20.1 and maintained its "Buy" rating.