Sibanye Stillwater price target lowered to $4.31 from $5.12 at JPMorgan

JPMorgan analyst Cather Cunningham lowered the firm’s price target on Sibanye Stillwater to $4.31 from $5.12 and keeps a Neutral rating on the shares. The firm says industrial metal prices “have been quick to react” to China economic policy announcements, up 10% in the last two weeks. The analyst recommends reducing exposure at these levels, saying the metals do not appear to assign significant risk premia to trade-related outcomes, specifically higher tariffs.