Auckland Airport downgraded to Sell

Auckland Airport stands to benefit from the low oil price, but its share price already has done.

The share price of Auckland International Airport has risen 17% since Cage match: Sydney vs Auckland Airport on 27 Nov 14 (Hold – $3.63). The eponymous airport is a stable and high-quality asset, benefiting from a steadily increasing number of international travellers – and it should get a further boost from cheaper airline tickets as the oil price falls.

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