CIMB upgrades IGB REIT to Add; price target RM1.73

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(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.

Performance Metrics

* Investors who followed Fuad's recommendation received a 0% return in the past year, compared with a negative 4.3% return on the shares.