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MISC Bhd upgraded to neutral at JPMorgan

Mimi Sabreena 4:05:00 PM Informasi

KUALA LUMPUR (Jan 10): J.P. Morgan analyst Ajay Mirchandani upgraded the recommendation on MISC Bhd to neutral from underweight.

Mirchandani raised the target price to RM7 from RM6.30, implying a 7.3 percent decrease from the last regular trade. The target is 4.7 percent below the consensus average of RM7.34. MISC had 3 buy recommendations, 7 holds and 3 sells previously.

Investors who followed Mirchandani's recommendation would have received a negative 6.3 percent return in the past year, compared with the 6.3 percent return on the shares.

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