September 2, 2011

CIMB raised to 'buy' at Deutsche Bank

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: DEUTSCHEPrice Call: BUYTarget Price: 8.20



CIMB Group Holdings Bhd, a Malaysian banking group, rose the most in more than two months after Deutsche Bank raised the stock rating to "buy" from "hold" with a price target of RM8.20.

The stock gained 2.6 per cent to RM7.25 at 9:10 a.m. in Kuala Lumpur trading, set for the biggest increase since June 28. -- Bloomberg

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