In a sector note on the Australian Mining sector, JPMorgan downgraded South32 (SOUHY) to Neutral from Overweight with a price target of A$3.30, down from A$3.50, citing a 17% bounce in the stock since last quarter for the downgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOUHY: