Sime Darby upgraded to hold at Maybank

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KUALA LUMPUR (June 20): Maybank Kim Eng analyst Ivan Yap upgraded the recommendation on Sime Darby Bhd to hold from sell.

* Price target (PT) set to RM2.45, implies 0% from last close. Sime Darby average PT is RM2.72

* Sime Darby had 6 buys, 7 holds, 5 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 17 percent in the past three months. Forecasts range from RM1.95 to RM5.60.