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CIMB upgraded to buy at TA Securities

Mimi Sabreena 4:04:00 PM Informasi

KUALA LUMPUR (Jan 26): TA Securities Holdings Bhd analyst Kaladher Govindan upgraded the recommendation on CIMB Group Holdings Bhd to buy from hold.

Govindan raised the target price to RM7.50 from RM7, implying a 6.8 percent increase from the last regular trade. The target is 6.9 percent above the consensus average of RM7.01.

CIMB had 15 buy recommendations, 7 holds and 2 sells previously.

Analysts raised their consensus one-year target price for the stock by 5.8 percent in the past six months. Forecasts range from RM5.40 to RM8.20.

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