摩根士丹利上调中国三大航空公司A股评级至超配

Group 1 - Morgan Stanley has upgraded the A-share ratings of Air China, China Eastern Airlines, and China Southern Airlines to "overweight" [1] - The recovery that began in Q4 of last year is expected to gain momentum through 2026-2027, driven by favorable demand conditions [1] - Despite low investor positioning and confidence, potential price increases are likely to boost market sentiment [1] Group 2 - JPMorgan maintains an "overweight" rating on the H-shares of the three major airlines and Spring Airlines [1]