<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 13): Goldman Sachs analyst Nikhil Bhandari upgraded the recommendation on Petronas Chemicals Group Bhd to neutral from sell.</p></div>

<div class=newsTextDataWrapInner><p>Bhandari raised the target price to RM6.70 from RM6.40, implying a 8.6 percent decrease from the last regular trade. Petronas Chemicals had 8 buy recommendations, 9 holds and 5 sells before today.</p></div>

<div class=newsTextDataWrapInner><p>Investors who followed Bhandari's recommendation would have received a negative 11 percent return in the past year before today, compared with the 11 percent return on the shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from RM5.50 to RM9.80.</p></div>

<div class=newsTextDataWrapInner><p>Bhandari covers 33 companies; 10 are rated buy/neutral, 17 are rated neutral/neutral and 6 are rated sell/neutral.</p></div>

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KUALA LUMPUR (Oct 13): Goldman Sachs analyst Nikhil Bhandari upgraded the recommendation on Petronas Chemicals Group Bhd to neutral from sell.

Bhandari raised the target price to RM6.70 from RM6.40, implying a 8.6 percent decrease from the last regular trade. Petronas Chemicals had 8 bu...

Petronas Chemicals upgraded to neutral at Goldman

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


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