Falling Ringgit, Rising Crude

Deutsche Bank Research has downgraded low-cost carrier AirAsia Bhd to “sell” from “hold” in view of higher jet fuel prices, weaker ringgit and impact on passenger yields due to capacity growth from competitors. DB Research has a target price of RM1.75 for AirAsia Berhad. In view of falling ringgit and rising crude, what is the forecast statistical indicative price range for AirAsia?
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