Morgan Stanley upgraded Air China, China Eastern Airlines, China Southern Airlines class A share rating

On January 13, Morgan Stanley upgraded Air China's class A share rating to parity, with a target price of 9.63 yuan; upgraded China Eastern Airlines' class A share rating to parity, with a target price of 4.66 yuan; upgraded China Southern Airlines' class A share rating to parity, with a target price of 7.87 yuan. For Hong Kong stocks, Morgan Stanley upgraded Air China's H share rating to overweight, with a target price of 7.61 Hong Kong dollars; upgraded China Southern Airlines' H share rating to overweight, with a target price of 5.90 Hong Kong dollars.