(May 21): Kenanga Investment Bank Bhd analyst Tungwye Loo downgraded the recommendation on Tomypak Holdings Bhd to underperform from market perform.

* Price target (PT) lowered to 43 sen from 50 sen, implies 11% decrease from last close. Tomypak's average PT is 36 sen.

* Tomypak had 0 buys, two holds, one sell previously: Bloomberg data.

* Analysts raised their consensus one-year target price for the stock by 29% in the past six months. Forecasts range from 36 sen to 49 sen.