KUALA LUMPUR (Jan 18): J.P. Morgan analyst Mak Hoy Kit upgraded the recommendation on Hartalega Holdings Bhd to overweight from neutral.
* Price target (PT) raised to RM6.60 from RM6.40. Hartalega average PT is RM5.64.
* Hartalega had 2 buys, 12 holds, 6 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 4.6 percent in the past six months. Forecasts range from RM3.80 to RM6.80.
* Investors who followed Mak's recommendation received a 0 percent return in the past year, compared with a negative 6 percent return on the shares.