(Jan 14): Credit Suisse analyst Joanna Cheah upgraded the recommendation on Padini Holdings Bhd to neutral from underperform.

* Price target (PT) lowered to RM3.50 from RM4.80, implies 3.8% decrease. Padini average PT is RM4.80

* Padini had three buys, four holds, six sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 23% in the past three months. Forecasts range from RM3.50 to RM6.05.

Performance Metrics

* Investors who followed Cheah's recommendation would have received a 57% return in the past year, compared with the negative 31% return on the shares.