RHB Research upgrades Tan Chong to Neutral, trims target price

KUALA LUMPUR: RHB Research has upgraded Tan Chong Motor to Neutral from Sell after trimming its target price from RM3.55 to RM3.10 after ascribing an unchanged 11.5 times target price-to-earnings (P/E) in line with peer average to 2015 earnings.