Rogers of Mauritius Upgraded to ‘Accumulate’ at Cim
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Rogers & Co. Ltd., a Mauritian company with interests in tourism, aviation and construction, was raised to “accumulate” from “hold” at Cim Stockbrokers.
The upgrade is based on an expected improvement in earnings for the 2010-11 financial year and its high discount to book value, Port Louis-based Cim said in a note to clients today.