KUALA LUMPUR (Aug 21): Macquarie analyst Ben Shane Lim upgraded the recommendation on Gas Malaysia Bhd to outperform from neutral, Bloomberg reported.
Bloomberg reported that Macquarie raised its Gas Malaysia price target (PT) to RM3.18 from RM2.90.
"Gas Malaysia average PT is RM2.99. Analysts lowered their consensus one-year target price for the stock by 3.1% in the past six months.
"Forecasts range from RM2.58 to RM3.30," Bloomberg reported.