Goldman Sachs analyst Paul Young downgraded South32 (SOUHY) to Neutral from Buy with a price target of A$2.90, down from A$3.30. The firm cut its FY25, FY26 and FY27 EBITDA estimates by 1%, 20%, and 25%, respectively, after lowering its manganese, aluminum and alumina forecasts for 2025-2027, the analyst tells investors.
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 SOUHY: