SM Prime Holdings, the largest Philippine shopping mall operator, had its 12-month share price estimate increased to P10.30 at JPMorgan Chase & Co.,which said the stock can trade higher on resilient consumer spending. The brokerage kept its ‘neutral’ rating on SM Prime, JPMorgan analyst Kelly Lim-Bate said. The brokerage’s previous price estimate was P9. Bloomberg
SM Prime target raised to P10.30, JPMorgan says
Wednesday, Nov 11, 2009