KUALA LUMPUR (Aug 29): Credit Suisse analyst Joanna Cheah upgraded the recommendation on Karex Bhd to neutral from underperform.

* Price target (PT) raised to 76 sen from 48 sen. Karex average PT is 44 sen.

* Karex had 0 buys, 1 hold, 7 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 48 percent in the past three months. Forecasts range from 29 sen to 76 sen.

Performance Metrics

* Investors who followed Cheah's recommendation would have received a negative 31 percent return in the past year, compared with the negative 50 percent return on the shares.