KUALA LUMPUR (Jan 14): Macquarie analyst Anand Pathmakanthan upgraded the recommendation on IHH Healthcare Bhd to neutral from underperform.
* Price target (PT) raised to RM5.40 from RM5.10. IHH Healthcare average PT is RM6.08.
* IHH Healthcare had 14 buys, 4 holds, 4 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from RM4.50 to RM7.10.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 3.9 percent return in the past year, compared with the negative 1.7 percent return on the shares.
* In the past two years and three months, Macquarie has rated IHH Healthcare underperform once, neutral once and outperform once.
* The shares fell 3.9 percent in the period rated underperform, rose 3.3 percent in the period rated neutral and fell 10 percent in the period rated outperform.