KUALA LUMPUR (Nov 24): TA Securities Holdings Berhad analyst Angeline Chin upgraded the recommendation on Felda Global Ventures Holdings Bhd to hold from sell.

Chin raised the target price to RM2.01 from RM1.52, implying a 9.2 percent increase from the last regular trade. The target is 12 percent above the consensus average of RM1.79. FGV had 1 buy recommendation, 9 holds and 2 sells previously.

Investors who followed Chin's recommendation would have received a negative 19 percent return in the past year previously, compared with the 19 percent return on the shares.

Analysts raised their consensus one-year target price for the stock by 4.4 percent in the past three months. Forecasts range from RM1.50 to RM2.63.