Padini downgraded to neutral at Macquarie; price target RM3.43
KUALA LUMPUR (Feb 12): Macquarie analyst Denise Soon downgraded the recommendation on Padini Holdings Bhd to neutral from outperform.
* Price target (PT) lowered to RM3.43 from RM6.05. Padini average PT is RM4.45.
* Padini had 4 buys, 5 holds, 4 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 26 percent in the past three months. Forecasts range from RM3.43 to RM5.96.
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