Aussie currency strength helps Virgin Blue
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Virgin Blue’s management will be breathing a sigh of relief at the rising Australian dollar against the greenback in the wake of a horror trading year says the Sydney Morning Herald.
Royal Bank of Scotland analysts today upgraded their recommendation for Virgin to a ”buy” from a ”hold”, and raised their price target to 70 cents a share, due to more favourable economic conditions and the currency movements working in the airline’s favour.
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