RHB Research has revised its target price for Tasco Bhd downward, reducing it from 66 sen to 62 sen. The adjustment follows a reassessment of the logistics company's earnings potential for the years 2027 through 2029. The firm's analysts have lowered their forecasts by approximately seven percent, citing a first-quarter performance that fell short of expectations. This change reflects a more cautious outlook for Tasco's financial performance in the coming years. The decision comes as part of ongoing analysis by RHB Research, which regularly updates its assessments based on company performance and market conditions. The revised target price signals a potential shift in investor sentiment toward Tasco's stock. The adjustment underscores the challenges faced by the logistics sector in maintaining growth amid economic uncertainties. Investors are now advised to consider the updated forecasts when evaluating their investment strategies.
