South32 downgraded to Neutral from Buy at Citi

Citi analyst Ephrem Ravi downgraded South32 (SOUHY) to Neutral from Buy with an unchanged price target of A$3.90. The firm downgrades South32 with earnings down on base metals price revisions after having incorporated Citi’s latest commodity price changes for key metals stocks, the analyst tells investors.

Pick the best stocks and maximize your portfolio:

• Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
• Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on SOUHY:

• South32 price target raised to 250 GBp from 200 GBp at Barclays
• South32 price target raised to 205 GBp from 200 GBp at Barclays