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Sandfire Resources downgraded to Neutral from Outperform at Macquarie

Macquarie downgraded Sandfire Resources (SFRRF) to Neutral from Outperform with a A$10.90 price target Following the company’s Q3 report, the firm decreased its FY25 EPS estimate 4% and downgrades the shares based on the strong share-price performance making the stock fully valued.

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