DJ MARKET TALK: Citi Upgrades Bumi To Buy From Sell, Ups Target
0103 GMT [Dow Jones] STOCK CALL: Citigroup upgrades coal miner PT Bumi
resources (BUMI.JK) to Buy from Sell after recent sharp correction; raises
target price to IDR6,200 from IDR5,800 vs Friday's close of IDR5,400. "Bumi is
set to bounce back after a 40% correction," Citigroup says; adds higher target
price for coal also supporting Buy call. Notes, house's April 1 report
recommended a Sell on Bumi due to weak fourth-quarter performance. (EDH)
Contact us in Singapore. 65 64154 140; [EMAIL PROTECTED] (END) Dow Jones
Newswires April 06, 2008 21:03 ET (01:03 GMT) Copyright (c) 2008 Dow Jones &
Company, Inc.- - 09 03 PM EDT 04-06-08
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