Frasers Centrepoint Trust upgraded to "outperform" by Credit Suisse

Stock Name: Frasers Cpt Tr
Company Name: FRASERS CENTREPOINT TRUST

Research House: Credit Suisse

Price Call: BUY

Target Price: 2.26

SINGAPORE (Jan 26): Credit Suisse has upgraded Frasers Centrepoint Trust (FCT) to "outperform" from "neutral" and raised its price target to $2.26 from $2.12.

The changes reflect an increase of between 1.8% and 3.5% in its FY2015 to FY2017 distribution per unit estimates to factor in lower-than-expected interest costs and improved rental growth at some of FCT's properties.