KUALA LUMPUR (Oct 9): MIDF Amanah Investment Bank analyst Abdul Fadhli Zil Ikr Dzulkifly upgraded the recommendation on Gamuda Bhd to buy from neutral.
* Price target (PT) lowered to RM2.78 from RM3.15. Gamuda average PT is RM3.25.
* Gamuda had 7 buys, 13 holds, 4 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 18 percent in the past three months. Forecasts range from RM2.50 to RM4.11.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 3.4 percent return in the past year, compared with the negative 53 percent return on the shares.