KUALA LUMPUR (July 16): J.P. Morgan analyst Ranjan X Sharma upgraded the recommendation on Digi.Com Bhd to neutral from underweight.
* Price target (PT) raised to RM4.40 from RM4.10, implies 5.8% increase from last close. Digi average PT is RM4.57
* Digi had 7 buys, 10 holds, 10 sells previously: Bloomberg data
* Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from RM3 to RM5.40.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 7.1 percent return in the past year, compared with the negative 8.4 percent return on the shares.
* Digi reported earnings that matched and sales that trailed estimates for the quarter on Jul 13.