Genting Singapore upgraded to Buy at Deutsche Bank

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MUMBAI (Nov 14): Deutsche Bank upgraded the recommendation on Genting Singapore Plc to Buy, from Hold.

Deutsche Bank raised the target price to S$1.60 from S$1.20, implying a 19% increase from the last regular trade. Genting Singapore had 13 Buy recommendations, 7 Holds and 0 Sells previously.

Genting Singapore reported earnings and sales that topped estimates for the quarter on Nov 6.