KUALA LUMPUR (Sept 5): KAF Seagroatt & Campbell analyst Joe Vuei Wong upgraded the recommendation on Sapura Energy Bhd to hold from sell.
* Price target (PT) set to 35 sen. Sapura Energy average PT is 57 sen.
* Sapura Energy had 9 buys, 4 holds, 6 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 36 percent in the past three months. Forecasts range from 29 sen to RM1.20.
* Investors who followed the analyst's recommendation would have received a negative 69 percent return in the past year, compared with the negative 74 percent return on the shares.