BofA downgraded Sasol (SSL) to Neutral from Buy with a price target of ZAR 105, down from ZAR 197. Sasol recently cut its FY25 production guidance and the firm believes a sustained meaningful recovery is not imminent at this point, adding that a first half dividend is “unlikely.” The firm cut its FY25-27 EBITDA estimate by 23%, the analyst noted.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue