SINGAPORE, Jun 18 (Bloomberg): Morgan Stanley downgraded Singapore Airlines Ltd. after a peer-beating rally over the past month, saying positives such as strong fundamentals and favourable fuel prices have been priced in.
Shares of the carrier tumbled as much as 5.1% on Friday, the most since Feb. 2022, on track to snap its longest winning streak since 2008. An Asia Pacific gauge of airline stocks traded higher on the day.
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