Sapura Energy cut to neutral at RHB Research Institute

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KUALA LUMPUR (May 16): RHB analyst Lim Sin Kiat downgraded the recommendation on Sapura Energy Bhd to neutral from buy.

* Price target (PT) set to 82 sen implies 1.8% decrease. Sapura Energy average PT is 86 sen 

* Sapura Energy had 12 buys, 4 holds, 3 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 25 percent in the past three months. Forecasts range from 40 sen to RM1.35.