HSBC analyst Weldon Sng upgraded PT Bank Rakyat Indonesia to Buy from Hold with a price target of IDR 6,200, up from IDR 5,800. The analyst says the company’s Kupedes loan growth was more robust than expected, while its risks now look more manageable.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>