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Friday, April 29, 2011

JP Morgan Upgrade Bumi Price to IDR 4,500

JP Morgan Chase & Co raised PT Bumi Resources (BUMI) share-price estimate to 4,500 rupiah from 4,000 rupiah. 

BUMI, Indonesia’s largest coal producer, rose 2.2 percent to 3,425 rupiah today, the highest close since Sept. 25, 2008.

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