LCTITAN (5284) - Lotte Chemical Titan raised to overweight at JPMorgan

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 Lotte Chemical Titan raised to overweight at JPMorgan
Bloomberg / Bloomberg
March 02, 2018 07:11 am +08

KUALA LUMPUR (March 2): J.P. Morgan analyst Ajay Mirchandani upgraded the recommendation on Lotte Chemical Titan Holding Bhd to overweight from neutral.

* Price target (PT) raised to RM7 from RM5.90, implies 21% increase from last close. Lotte Chemical Titan Holding average PT is RM6.87

* Lotte Chemical Titan Holding had 7 buys, 1 hold, 0 sells previously

* Analysts lowered their consensus one-year target price for the stock by 4.6 percent in the past three months. Forecasts range from RM6 to RM8.50.



Performance Metrics

* In the past, JPMorgan has rated Lotte Chemical Titan Holding neutral once and overweight once.

* The shares rose 14 percent in the period rated neutral and rose 8.7 percent in the period rated overweight.