CapitaMall Trust cut to "neutral" by Credit Suisse

Stock Name: CapitaMall Trust
Company Name: CAPITAMALL TRUST

Research House: Credit Suisse

Price Call: HOLD

Target Price: 2.37

SINGAPORE (Jan 26): Credit Suisse has downgraded CapitaMall Trust (CMT) to "neutral" from "outperform", citing limited upside to its revised price target of $2.37 after the stock's gain of about 10% since the start of the year.

"We prefer to look out for better entry points for the stock," Credit Suisse analysts Yvonne Voon and Daniel Lim said in a note.

They trimmed their price target from $2.40 after lowering their distribution per unit forecasts by 1.7% for 2015 and 2.8% for 2016 to factor in "a challenging retail outlook".