Padini upgraded to buy at RHB

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KUALA LUMPUR (June 21): RHB Research Institute analyst Soong Wei Siang upgraded the recommendation on Padini Holdings Bhd to buy from neutral. 

* Price target (PT) raised to RM6.88 from RM5, implies 25% increase. Padini average PT is RM5.41

* Padini had 3 buys, 8 holds, 1 sell previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 9.9 percent in the past three months. Forecasts range from RM4.52 to RM6.88. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a 12 percent return in the past year, compared with the 67 percent return on the shares.