KUALA LUMPUR (May 26): HSBC analyst Tarun Bhatnagar upgraded the recommendation on YTL Power International Bhd to hold from reduce.
* Price target (PT) lowered to 84 sen from RM1.04. YTL Power average PT is RM1.06.
* YTL Power had 4 buys, 8 holds, 3 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 21 percent in the past three months. Forecasts range from 78 sen to RM1.48.
Performance Metrics
* Investors who followed Bhatnagar's recommendation would have received a 44 percent return in the past year, compared with the negative 48 percent return on the shares.