Similarly, CGS-CIMB Research has upped its target price for StarHub by 15 cents to $2.00, and reiterates its “add” recommendation on the telco.
SINGAPORE (Oct 4): Analysts are staying positive on StarHub, after the telco yesterday announced a strategic transformation review, which will include the laying off about 300 of its full-time staff.
Following the announcement, DBS Group Research has upgraded Starhub to “buy”, from “hold” previously. The brokerage has also increased StarHub’s target price to $2.45, from $1.42 previously.
