(March 20): CIMB analyst Calyne Ti downgraded the recommendation on Pharmaniaga Bhd to Hold, from Add.

* TP lowered to RM2.70 from RM3.30, implies 15% increase from last close. Pharmaniaga average TP is RM2.85.

* Pharmaniaga had 2 Buys, 2 Holds, 0 Sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 18% in the past three months. Forecasts range from RM2.50 to RM3.55.