RBC Capital analyst Alexander Barkley downgraded St Barbara to Sector Perform from Outperform with a price target of A$0.70, down from A$1. The analyst considers the SBM-GDM deal as likely to occur and sees few definitive catalysts for the shares.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly