RHB Research Institute upgrades Malaysian Pacific Industries to buy

-A +A

(May 27): RHB Research Institute analyst Lee Meng Horng upgraded the recommendation on Malaysian Pacific Industries Bhd (MPI) to buy from neutral.

* Price target (PT) set to RM11.21, implies 28% increase. MPI's average PT is RM15.

* MPI had five buys, two holds, one sell previously: Bloomberg data.

* Analysts raised their consensus one-year target price for the stock by 1.5% in the past three months. Forecasts range from RM8.30 to RM15.