News Snapshot:
Zacks Investment Research downgraded shares of China Southern Airlines (NYSE:ZNH) from a hold rating to a sell rating in a research note published on Thursday morning, Zacks.com reports. According to Zacks, “China Southern Airlines is one of the leading air transportation enterprises in China, especially in passenger volume and the total amount of tax and profit for the past three years. 27% market share in 1996 made it the biggest airlines in China. With the head office in Guangzhou, the southern entrance into China, it has branch fleet bases in the provinces of Henan, Hubei, Hunan, Hainan and the Special...
