Jefferies downgraded South32 (SOUHY) to Hold from Buy with a price target of A$3.20, down from A$3.40. The firm sees pressures to the company’s aluminum business from the supply-chain build out in Indonesia.
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Read More on SOUHY:
- South32 price target raised to C$130 from C$125 at Canaccord
- Sable announces termination of Don Julio earn-in agreement with South32
- South32 downgraded to Neutral from Buy at Goldman Sachs
- South32 price target raised to 200 GBp from 180 GBp at Barclays
- South32 downgraded to Neutral from Overweight at JPMorgan