HSBC analyst Shuo Han Tan downgraded Top Glove to Hold from Buy with a price target of MYR 0.85, down from MYR 1. The analyst thinks the company’s margins must recover faster before the stock can rally further.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>