CGS-CIMB analyst Ong Kang Chuen and Cezzane See have upgraded their rating on ComfortDelGro (CDG) to “add” from “hold” with a raised target price of $1.70, compared to $1.40 previously. 

The analysts said they are “positive” that there is room for further relaxation of social- distancing measures in Singapore, which will aid ridership recovery.

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