KUALA LUMPUR (Jan 4): AmInvestment Bank downgraded the recommendation on Lafarge Malaysia Bhd to underweight from hold.

* Price target (PT) lowered to RM1.52 from RM3.67, implies 19% decrease. Lafarge Malaysia average PT is RM1.91.

* Lafarge Malaysia had 0 buys, 5 holds, 4 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 32 percent in the past three months. Forecasts range from RM1.52 to RM2.17. 

Performance Metrics

* Investors who followed AmInvestment's recommendation received a 0 percent return in the past year, compared with a negative 70 percent return on the shares.