Broker upgrades/downgrades

Broker upgrades/downgrades: *Wilmar: CIMB cut target price to $3.52 from $4.10 *ST Engrg: CIMB raised target price to $3.79 from $3.49; Deutsche raised target price to $3.50 from $3.35; DBS Vickers raised target price to $3.60 from $3.40 *SingTel: CIMB downgraded to Underperform from Neutral and cut target price to $3.19 from $3.36; JPMorgan downgraded to Netral from Overweight *GLP: CIMB downgraded to Neutral from Outperform but raised target price to $2.48 from $2.40; JPMorgan raised target price to $2.70 from $2.50; DBS Vickers raised target price to $2.61 from $2.31 *City Dev: CIMB raised target price to $10.25 from $9.05; DBV Vickers downgraded to Fully Valued but raised target price to $11.42 from $10.85; UOB KayHian raised target price to $11.85 from $11.10 *Armstrong: CIMB downgraded to Underperform from Neutral and cut target price to $0.23 from $0.26 *Yanlord: Deutsche target price to $1.00 from $0.93; Macquarie up to Neutral from Underperform and raised target price to $1.38 from $0.99; DBS Vickers raised target price to $1.24 from $0.99 *First Resources: JPMorgan raised target price to $2.50 from $2.20