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.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
