KUALA LUMPUR (June 7): Kenanga Investment Bank Bhd analyst Lavis Chong upgraded the recommendation on KESM Industries Bhd to market perform from underperform.
* Price target (PT) lowered to RM7 from RM7.20, implies 2.9% increase. KESM average PT is RM8.
* KESM had 0 buys, 1 hold, 2 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from RM6.10 to RM8.