Indocement Upgraded to Overweight at JPMorgan; PT 23,000 Rupiah
By Bloomberg Automation
(Bloomberg) -- J.P. Morgan analyst Indra Cahya upgraded the recommendation on Indocement Tunggal Prakarsa Tbk PT to overweight from underweight.
* PT raised to 23,000 rupiah from 16,500 rupiah, implies 27% increase from last close. Indocement average PT is 17,708 rupiah
* Indocement had 4 buys, 13 holds, 13 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 1 percent in the past three months. Forecasts range from 13,300 rupiah to 25,000 rupiah
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