Genting Malaysia upgraded to buy at Goldman

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KUALA LUMPUR (Feb 28): Goldman Sachs analyst Simon Cheung upgraded the recommendation on Genting Malaysia Bhd to buy from neutral.

* Price target (PT) raised to RM6.40 from RM5.60, implies 21% increase from last close. Genting Malaysia average PT is RM5.94

* Genting Malaysia had 12 buys, 7 holds, 2 sells previously

* Analysts raised their consensus one-year target price for the stock by 3.1 percent in the past three months. Forecasts range from RM4.50 to RM7.06.

Performance Metrics

* Genting Malaysia reported earnings and sales that trailed estimates for the quarter on Feb 27.