KUALA LUMPUR (Feb 22): Kenanga Investment Bank Bhd analyst Lavis Chong downgraded the recommendation on PPB Group Bhd to underperform from market perform.
* Price target (PT) set to RM16.60, implies 12% decrease. PPB Group average PT is RM14.08.
* PPB Group had 0 buys, 2 holds, 1 sell previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past three months. Forecasts range from RM14.05 to RM16.60.