Friday, October 1, 2010

Genting up on short-covering, OCBC upgrade


Shares of casino operator Genting Singapore rose as much as 5.9% on Friday as investors bought the stock to cover their "short" positions and a local brokerage raised its target price.
OCBC Investment Research on Friday raised its target price for Genting Singapore to $2.38 from $1.85 and maintained its "buy" rating.

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