KUALA LUMPUR (Jan 16): Maybank Kim Eng analyst Lee Yen Ling downgraded the recommendation on Top Glove Corp Bhd to hold from buy.
* Price target (PT) lowered to RM5.10 from RM6.43, implies 8.5% increase from
last close. Top Glove average PT is RM5.61.
* Top Glove had 8 buys, 7 holds, 6 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 RM4.45 to RM6.80.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a negative 31 percent return in the past year, compared with the 7.2 percent return on the shares.