KUALA LUMPUR (April 20): Credit Suisse analyst Joanna Cheah upgraded the recommendation on Top Glove Corp. Bhd to outperform from not rated.

* Price target (PT) set to RM11.85, implies 15% increase. Top Glove average PT is RM10.34

* Top Glove had 10 buys, 6 holds, 5 sells previously

* Analysts raised their consensus one-year target price for the stock by 11 percent in the past three months. Forecasts range from RM7.80 to RM12.70. 

Performance Metrics

* In the past one year and 11 months, Credit Suisse has rated Top Glove neutral twice and underperform once. 

* The shares rose an average 42 percent in the periods rated neutral and rose 11 percent in the period rated underperform.