Macquarie raises Petronas Chemicals to outperform; price target RM9.40
(June 19): Macquarie analyst Anand Pathmakanthan upgraded the recommendation on Petronas Chemicals Group Bhd to outperform from underperform.
* Price target (PT) raised to RM9.40 from RM6.10, implies 12% increase from last close. Petronas Chemicals average PT is RM8.97.
* Petronas Chemicals had six buys, 11 hold, three sells previously: Bloomberg data.
* Analysts raised their consensus one-year target price for the stock by 5.4% in the past three months. Forecasts range from RM6.30 to RM11.18.
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