MyEG downgraded to neutral at Macquarie

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KUALA LUMPUR (May 16): Macquarie analyst Farrah Aqlima downgraded the recommendation on My E.G. Services Bhd to neutral from outperform.

* Price target (PT) lowered to RM1.78 from RM3.15. MyEG average PT is RM2.55

* MyEG had 3 buys, 2 holds, 2 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 8.4 percent in the past three months. Forecasts range from RM1.78 to RM3.75.