STOCKS NEWS INDONESIA-Danareksa cuts Multistrada target price

Newswire

Danareksa Sekuritas lowered its target price on shares of PT Multistrada Arah Sarana Tbk to 380 rupiah from 400, citing higher expenses due to the tyre maker's offer price discounts and aggressive advertising and promotions (A&P). Multistrada, which suffered from the collapse of the European market in 2012, plans to shift its focus away from troubled Europe to more promising areas like Africa, Australia and some Asia countries, analyst Joko Sogie said in a note. ...

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