TigerAirways

TigerAirways: Macquarie upgrades to Neutral from Underperform raising TP $1.45 from $1.50. Long term structural growth provides limited upside over the coming 12mths and rising jet fuel prices may exert downward pressure on the sector.However, current valuations represent a good entry point for long-term investors looking to invest in a structural growth story for the coming few yrs.