HSBC downgraded PT Bank Rakyat Indonesia to Hold from Buy with a price target of IDR 5,500, up from IDR 5,400. The analyst cites valuation and a near-term lack of catalysts for the downgrade.
Published first on TheFly
HSBC downgraded PT Bank Rakyat Indonesia to Hold from Buy with a price target of IDR 5,500, up from IDR 5,400. The analyst cites valuation and a near-term lack of catalysts for the downgrade.
Published first on TheFly