Goldman Sachs analyst Melissa Kuang upgraded Bank Central Asia to Neutral from Sell with a price target of IDR 10,700, up from IDR 9,000. The firm sees tailwinds to stronger balance sheet growth for Bank Central Asia with interest rates easing and with demand likely to resume for the corporates post elections, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PBCRF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue