Turkish Airlines (THYAO) is about to take off


Recent downgrade from Morgan Stanley assumes that THYAO will buy Brent oil at $83/bbl on average, in 2019.
With the Brent price now around $63/bbl, this downgrade is meaningless.
Even with the downgrade, Morgan Stanley's target price for THYAO was 16.50 TL.

This means the current price of 16.20 TL will soon be history.
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