JPMorgan cuts price estimates
Bloomberg
JPMorgan downgraded Asya Katılım Bankası, an Islamic lender, to "neutral" from "overweight" and reduced its price estimates for the lender by 66 percent to YTL 1.15. JPMorgan also cut its price estimate for Akbank to YTL 4 from YTL 7.10. İşbank price estimate was lowered to YTL 3.40 from YTL 5.50 and price estimate for Garanti Bank cut by 38 percent to YTL 2.90.
