Analysts are divided on Keppel Corp following Temasek Holdings’ withdrawal of its partial offer of a 30.55% stake in the conglomerate.
On one hand, DBS Group Research has downgraded Keppel to a “hold” rating from “buy” and reduced its target to $5.50 from $6.40 previously.
On the other hand, CGS-CIMB Research has maintained its “add” recommendation with an unchanged target price of $6.46.
