KUALA LUMPUR (May 31): Credit Suisse analyst Danny Goh upgraded the recommendation on Gamuda Bhd to outperform from neutral.

* Price target (PT) lowered to RM4.50 from RM5.05, implies 42% increase from last close. Gamuda average PT is RM4.96

* Gamuda had 10 buys, 10 holds, 3 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 14 percent in the past three months. Forecasts range from RM3.89 to RM6.60. 

Performance Metrics

* Investors who followed Goh's recommendation would have received a negative 19 percent return in the past year, compared with the negative 39 percent return on the shares. 

* In the past 17 years and eight months, Credit Suisse has rated Gamuda neutral twice, outperform twice, hold once and sell once.

* The shares fell an average 14 percent in the periods rated neutral, rose an average 23 percent in the periods rated outperform, rose 68 percent in the period rated hold and fell 13 percent in the period rated sell.