Citi upgrades Qantas to ‘buy’, ‘neutral’ on Virgin
Analysts rate Qantas because of its international business and low-cost domestic operation.
Virgin shares debuted on the ASX in June, and have gained about 13% since then.
Barely a month after the successful ASX IPO of airline Virgin Australia, analysts at Citi prefer Qantas shares and have upgraded the stock to a ‘buy’ rating.
In a research note, Citi gives Virgin shares a ‘neutral’ rating due to its exposure to the domestic aviation market where passenger
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