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You are here: Home / AMMB Holdings upgraded to neutral at Macquarie

AMMB Holdings upgraded to neutral at Macquarie

-A +A KUALA LUMPUR (June 11): Macquarie analyst Anand Pathmakanthan upgraded the recommendation on AMMB Holdings Bhd to neutral from underperform. * Price target (PT) lowered to RM4 from RM4.32. AMMB Holdings average PT is RM3.92 * AMMB Holdings had 7 buys, 8 holds, 2 sells previously: Bloomberg data * Analysts lowered their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from RM3.15 to RM5.30. Performance Metrics * Investors who followed Pathmakanthan’s recommendation would have received a 22 percent return in the past year, compared with the negative 19 percent return on the shares.

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