{I-bank focus}Morgan raises CTG Duty-Free (01880) to HKD89

   Morgan Stanley raised the target price for CTG Duty-Free (01880) to HKD89 from HKD60 and maintained the "equal-weight" rating.
  The research house said it is constructive on Hainan's travel retail outlook, supported by gradual macro recovery, positive wealth effects, more category expansion, and policy support.