Tuesday, August 14, 2012
Broker upgrades/downgrades
Broker upgrades/downgrades:
*NOL: Morgan Stanley downgraded to Equalweight from Overweight and cut target price to $1.20 from $1.50
*ComfortDelgro: JPMorgan raised target price to $1.60 from $1.45; DMG Raised target price to $1.85 from $1.75; CIMB downgraded to Neutral from Outperform
*IEV Holdings: UOB KayHian downgraded to Hold from Buy and cut target price to $0.56 from $1.23
*Genting S’pore: HSBC upgraded to Overweight from Neutral but cut target price to $1.52 from $1.58; DMG downgraded to Neutral from Trading Buy and cut fair value to $1.20 from $1.71
*Tat Hong: DBS Vickers upgraded to Buy from Hold and raised target price to $1.31 from $1.13; Credit Suisse upgraded to Outperform from Neutral and raised target price to $1.30 from $0.90; CIMB raised target price to $1.39 from $1.15
*CSE Global: CIMB raised target price to $1.02 from $0.89
*Bukit Sembawang: CIMB cuts target price to $5.45 from $5.72
*Banyan Tree: DBS Vicekers cut target price to $0.68 from $0.77
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