KUALA LUMPUR (Feb 13): Kenanga Investment Bank Bhd analyst Raymond Choo upgraded the recommendation on Hartalega Holdings Bhd to market perform from underperform.
* Price target (PT) set to RM5.15, implies 5.7% decrease. Hartalega average PT is RM5.61.
* Hartalega had 3 buys, 11 hold, 6 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 4.7 percent in the past three months. Forecasts range from RM3.80 to RM6.80.
Performance Metrics
* Investors who followed Choo's recommendation would have received a 0.1 percent return in the past year, compared with the negative 0.1 percent return on the shares.