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.