<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 28): TA Securities Holdings Bhd analyst Kam Meng Tan upgraded the recommendation on AirAsia Bhd to hold from sell.</p></div>

<div class=newsTextDataWrapInner><p>Tan raised the target price to RM3.57 from RM3.23, implying an 8.2% increase from the last close.</p></div>

<div class=newsTextDataWrapInner><p>The target is 1.2% below the consensus average of RM3.61. AirAsia had 16 buy recommendations, 4 holds and 4 sells before today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Investors who followed Tan's recommendation would have received a negative 18% return in the past year before today, compared with the 20% return on the shares.</p></div>

<div class=newsTextDataWrapInner><p>Analysts raised their consensus one-year target price for the stock by 3.2% in the past three months. Forecasts range from RM2.90 to RM4.10.</p></div>

<div class=newsTextDataWrapInner><p>Tan covers 10 companies; 5 are rated buy, 2 are rated hold, 2 are rated sell and 1 is rated not rated.</p></div>

<div class=newsTextDataWrapInner><p>The company's next earnings announcement is expected on Aug 29.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

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KUALA LUMPUR (Aug 28): TA Securities Holdings Bhd analyst Kam Meng Tan upgraded the recommendation on AirAsia Bhd to hold from sell.

Tan raised the target price to RM3.57 from RM3.23, implying an 8.2% increase from the last close.

The target is 1.2% below the consensus average...

AirAsia upgraded to hold at TA Securities; target price RM3.57

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