UEM Sunrise rated new buy at KAF Seagroatt & Campbell

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KUALA LUMPUR (Sept 7): KAF Seagroatt & Campbell initiated coverage of UEM Sunrise Bhd with a recommendation of buy.

* Price target (PT) set to RM1.20, implies 41% increase from last close. UEM Sunrise average PT is RM1.07.

* UEM Sunrise had 4 buys, 9 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 15 percent in the past six months. Forecasts range from 76 sen to RM1.50.