Insight

JP Morgan: Downgraded BBRI, Placed on Negative Catalyst Watch

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Algo Research Team

Market | Sep 30, 2024 | Views: 2091

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Key Summary:

  • JPM downgraded BBRI on asset quality issue
  • Negative sentiment led to significant selling
  • Stock closed to IDR 5,100/share, down -5% WoW

JP Morgan (JPM) recently downgraded BBRI to neutral and placed the stock on negative catalyst watch as they expect asset quality issues to persist and potential sell-off in the near-term.


What’s new? After hitting their previous target price of IDR 5,525/share (now at IDR 5,500/share), JPM downgraded BBRI and recommended booking gains on the stock.

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