KUALA LUMPUR: Maybank Investment Bank Research has upgraded CIMB Group Holdings Bhd to a “buy” with a higher target price of RM7.50 from RM7 previously.
“Maybank said it has raised CIMB’s earnings after taking into consideration its recent upgrade of CIMB Niaga’s earnings forecasts and improved credit costs for CIMB Group into FY18.
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