17 hours ago
Last Qantas Bear Finally Surrenders After Stock Dips From Record
The sole bearish Qantas Airways Ltd. analyst has finally yielded, giving Chief Executive Officer Vanessa Hudson unanimous support from the market as she pushes through the biggest fleet overhaul in the Australian airline's 105-year history.
Morningstar's Angus Hewitt has upgraded his rating on Qantas to hold, after maintaining a sell recommendation for the past nine months. Qantas shares have surged 78% in the past year, hitting a record high in early June, propelled by rising profits, a restored dividend and unrelenting demand for travel.
