Mapletree Commercial Trust upgraded to 'hold' by CIMB

Stock Name: Mapletree Com Tr
Company Name: MAPLETREE COMMERCIAL TRUST

Research House: CIMB

Price Call: HOLD

Target Price: 1.54

SINGAPORE (May 19): CIMB has upgraded Mapletree Commercial Trust (MCT) to "hold" from "reduce", citing "more palatable" valuations following the stock's 6.1% pullback since the recent release of the REIT's March-quarter results.

CIMB has a $1.54 price target on MCT.

The stock currently trades at a 5.2% FY2016 dividend yield, in line with its peers' average of 5.5%, according to CIMB analyst Tan Xuan.