KUALA LUMPUR (July 19): Macquarie analyst Anand Pathmakanthan upgraded the recommendation on Malayan Banking Bhd to outperform from neutral.
* Price target (PT) set to RM10.90. Maybank average PT is RM10.80
* Maybank had 13 buys, 7 holds, 2 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 2.4 percent in the past three months. Forecasts range from RM8.90 to RM12.60.
Performance Metrics
* Investors who followed Pathmakanthan's recommendation received a 0 percent return in the past year, compared with a 5.5 percent return on the shares.