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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,000 at CLSA</title>
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   <description>CLSA analyst Sarina Lesmina lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,000.00  (from IDR6,000.00) while maintaining a High-Conviction Outperform (1) rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,000 at CLSA</title>
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   <description>CLSA analyst Sarina Lesmina lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,000.00  (from IDR6,000.00) while maintaining a High-Conviction Outperform (1) rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,000 at CLSA</title>
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   <description>CLSA analyst Sarina Lesmina lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,000.00  (from IDR6,000.00) while maintaining a High-Conviction Outperform (1) rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,000 at CLSA</title>
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   <description>CLSA analyst Sarina Lesmina lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,000.00  (from IDR6,000.00) while maintaining a High-Conviction Outperform (1) rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,080 at Goldman Sachs</title>
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   <description>Goldman Sachs analyst Melissa Kuang lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,080.00  (from IDR5,450.00) while maintaining a Neutral rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,080 at Goldman Sachs</title>
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   <description>Goldman Sachs analyst Melissa Kuang lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,080.00  (from IDR5,450.00) while maintaining a Neutral rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,080 at Goldman Sachs</title>
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   <description>Goldman Sachs analyst Melissa Kuang lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,080.00  (from IDR5,450.00) while maintaining a Neutral rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,080 at Goldman Sachs</title>
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   <description>Goldman Sachs analyst Melissa Kuang lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,080.00  (from IDR5,450.00) while maintaining a Neutral rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Raised to IDR6,240 at Macquarie</title>
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   <description>Macquarie analyst Jayden Vantarakis raised the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,240.00  (from IDR5,330.00) while maintaining a Outperform rating.</description>
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   <pubDate>Tue, 10 Feb 2026 06:34:27 -0400</pubDate>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Raised to IDR6,240 at Macquarie</title>
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   <description>Macquarie analyst Jayden Vantarakis raised the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,240.00  (from IDR5,330.00) while maintaining a Outperform rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Raised to IDR6,240 at Macquarie</title>
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   <description>Macquarie analyst Jayden Vantarakis raised the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,240.00  (from IDR5,330.00) while maintaining a Outperform rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Raised to IDR6,240 at Macquarie</title>
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   <description>Macquarie analyst Jayden Vantarakis raised the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,240.00  (from IDR5,330.00) while maintaining a Outperform rating.</description>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
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   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <pubDate>Fri, 09 Jan 2026 05:49:37 -0400</pubDate>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
   <link>http://www.streetinsider.com/Downgrades/Citi+Downgrades+Bank+Mandiri+%28BMRI%3AIJ%29+%28PPERF%29+to+Neutral/25828596.html</link>
   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
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   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
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   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
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   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <title>Citi Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Neutral</title>
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   <description>&lt;p&gt;Citi analyst Ferry Wong downgraded Bank Mandiri (BMRI:IJ) (OTC: PPERF) from Buy to Neutral with a price target of IDR5,150.00 (from IDR5,400.00).&lt;/p&gt;</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,400 at Citi</title>
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   <description>Citi analyst Ferry Wong lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,400.00  (from IDR6,300.00) while maintaining a Buy rating.</description>
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   <pubDate>Wed, 29 Oct 2025 05:14:43 -0400</pubDate>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,400 at Citi</title>
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   <description>Citi analyst Ferry Wong lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,400.00  (from IDR6,300.00) while maintaining a Buy rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,400 at Citi</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Bank+Mandiri+%28BMRI%3AIJ%29+%28PPERF%29+PT+Lowered+to+IDR5%2C400+at+Citi/25515708.html</link>
   <description>Citi analyst Ferry Wong lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,400.00  (from IDR6,300.00) while maintaining a Buy rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR5,400 at Citi</title>
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   <description>Citi analyst Ferry Wong lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR5,400.00  (from IDR6,300.00) while maintaining a Buy rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR6,000 at Nomura/Instinet</title>
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   <description>Nomura/Instinet analyst Tushar Mohata lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,000.00  (from IDR6,500.00) while maintaining a Buy rating.</description>
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   <pubDate>Tue, 28 Oct 2025 04:58:07 -0400</pubDate>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR6,000 at Nomura/Instinet</title>
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   <description>Nomura/Instinet analyst Tushar Mohata lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,000.00  (from IDR6,500.00) while maintaining a Buy rating.</description>
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   <title>Bank Mandiri (BMRI:IJ) (PPERF) PT Lowered to IDR6,000 at Nomura/Instinet</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Bank+Mandiri+%28BMRI%3AIJ%29+%28PPERF%29+PT+Lowered+to+IDR6%2C000+at+NomuraInstinet/25507714.html</link>
   <description>Nomura/Instinet analyst Tushar Mohata lowered the price target on Bank Mandiri (BMRI:IJ) (OTC: PPERF) to IDR6,000.00  (from IDR6,500.00) while maintaining a Buy rating.</description>
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   <pubDate>Tue, 28 Oct 2025 04:58:07 -0400</pubDate>
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