KUALA LUMPUR (Nov 8): Macquarie initiated coverage of QL Resources Bhd with a recommendation of underperform.
* Price target (PT) set to RM5.70. QL Resources average PT is RM5.38.
* QL Resources had 1 buy, 3 holds, 8 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 13 percent in the past three months. Forecasts range from RM4 to RM8.