(April 24): CIMB analyst Liyana Fuad upgraded the recommendation on IGB Real Estate Investment Trust to add from hold.
* Price target (PT) set to RM1.73, implies 12% increase. IGB REIT average PT is RM1.69
* IGB REIT had four buys, seven holds, zero sell previously
* Analysts lowered their consensus one-year target price for the stock by 3.9 percent in the past three months. Forecasts range from RM1.41 to RM1.86.
* Investors who followed Fuad's recommendation received a 0% return in the past year, compared with a negative 4.3% return on the shares.