KPJ Healthcare rated new buy at Nomura; price target RM1.15

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KUALA LUMPUR (July 18): Nomura initiated coverage of KPJ Healthcare Bhd with a recommendation of buy.

* Price target (PT) set to RM1.15, implies 17% increase. KPJ Healthcare average PT is RM1.11.

* KPJ Healthcare had 10 buys, 7 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 6 percent in the past three months. Forecasts range from 97 sen to RM1.35.