Rating Danamon Downgrade, Indosat Raised Up

PT Bank Danamon Indonesia Tbk (BDMN) was downgraded to "Neutral" from "Outperform" at Credit Suisse by equity analyst Teddy Oetomo. The target price is IDR 6,000 per share.

Meanwhile, PT Indosat Tbk (ISAT), Indonesia's second biggest telephone company, had its rating raised to "Overweight" from "Equal-weight" at Morgan Stanley, which said revenue acceleration will lead to "much faster" earnings growth.