Sibanye Stillwater price target raised to $12 from $10.50 at RBC Capital

RBC Capital raised the firm’s price target on Sibanye Stillwater (SBSW) to $12 from $10.50 and keeps an Outperform rating on the shares. The firm sees the stock’s valuation gap to peers narrowing on Sibanye’s de-leveraging, strategy clarification from its new CEO and capital returns. The share upside case includes tariffs on palladium in the U.S., which Sibanye would be one of the few beneficiaries, the analyst tells investors in a research note.