KUALA LUMPUR (July 27): Macquarie analyst Farrah Aqlima downgraded the recommendation on My E.G. Services Bhd (MyEG) to underperform from neutral.
*Price target (PT) set to RM1. MyEG average PT is RM1.37
* MyEG had 4 buys, 3 holds, 0 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 54 percent in the past three months. Forecasts range from 80 sen to RM2.60.
Performance Metrics
* In the past, Macquarie has rated MyEG neutral twice and outperform twice.
* The shares fell an average 1 percent in the periods rated neutral and fell an average 20 percent in the periods rated outperform.