KUALA LUMPUR (Jan 31): RHB analyst Hoe Lee Leng upgraded the recommendation on FGV Holdings Bhd to trading buy from neutral.

* Price target (PT) raised to RM1.20 from 80 sen, implies 21% increase. FGV average PT is 94 sen.

* FGV had 0 buys, 10 holds, 2 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 44 percent in the past three months. Forecasts range from 80 sen to RM1.20. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 23 percent return in the past year, compared with the negative 50 percent return on the shares.