KUALA LUMPUR (Nov 2): Kenanga Investment Bank Bhd analyst Ahmad Ramzani Ramli upgraded the recommendation on Malayan Banking Bhd to outperform from market perform.

* Price target (PT) set to RM10, implies 6.5% increase. Maybank average PT is
RM10.74

* Maybank had 11 buy, 8 holds, 3 sells previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 1.8 percent in the past three months. Forecasts range from RM9 to RM12.60. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a 9.1 percent return in the past year, compared with the 8.3 percent return on the shares.