Morgan Stanley analyst Christopher Nicholson downgraded Sasol (SSL) to Equal Weight from Overweight with a price target of ZAR 120, down from ZAR 125. The firm cites the stock’s recent outperformance and the company’s “weak” near-term free cash flow generation prospects in a challenging macro backdrop for the downgrade.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSL: