CIMB has downgraded Virgin Australia from Neutral to Underperform on a disappointing June quarter result from Tiger Airways

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CIMB has downgraded Virgin Australia from Neutral to Underperform on a disappointing June quarter result from Tiger Airways. Earnings forecast for FY14 have been downgraded by 24% with CIMB seeing more fundamental downside risk to the share price without corporate buying activity.

Australia equities

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