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Top Glove upgraded to buy at Maybank

Mimi Sabreena 3:04:00 PM Informasi

KUALA LUMPUR (June 19): Maybank Kim Eng analyst Lee Yen Ling upgraded the recommendation on Top Glove Corp Bhd to buy from hold.

* Price target (PT) raised to RM12.90 from RM9.85, implies 13% increase. Top Glove average PT is RM10.81

* Top Glove had 11 buy, 6 holds, 4 sells previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 8.3 percent in the past three months. Forecasts range from RM8 to RM12.90.

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