China Eastern Airlines Corporation Limited Class H (0670) was upgraded to a Hold Rating at HSBC

HSBC upgraded China Eastern Airlines Corporation Limited Class H (0670) to a Hold rating in a report released on June 26. The firm set a price target of HK$3.50, while the stock closed the previous day at HK$3.47. The article says the Street-wide analyst consensus remains a Hold, with an average price target of HK$3.70. For recent performance, China Eastern reported quarterly revenue of HK$37.06 billion and net profit of HK$1.63 billion for the quarter ending March 31, according to its latest earnings release. Compared with the prior year period, revenue was HK$33.41 billion, and the company had a GAAP net loss of HK$995 million. Overall, the upgrade comes amid mixed profitability comparisons but modest price-target upside relative to the latest close.