{ }
001122334455554433221100
001122334455554433221100

ubs downgrades south32 stock rating and lowers price target to 3.70 aud

UBS has downgraded South32 from Buy to Neutral, lowering the price target to AUD3.70 from AUD4.00, following a strong performance that outpaced BHP by 20% over the past year. Analysts expressed concerns over long-term growth projects and reduced earnings projections due to rising operational costs, indicating a shift in the company's strategic focus towards organic growth. The stock's valuation now aligns more closely with BHP, suggesting a more balanced risk-reward scenario moving forward.

ubs downgrades south32 to neutral and lowers price target to aud 3.70

UBS has downgraded South32 Limited from Buy to Neutral, lowering its price target to AUD 3.70 from AUD 4.00, following a strong performance that saw its shares outperform BHP by 20% over the past year. Analysts emphasized the need for a strategic shift towards organic growth, citing concerns over long-term projects and declining free cash flow yield forecasts. The reassessment of valuation indicates a more balanced risk-return scenario, as South32's shares now trade in line with BHP after historically being at a discount.

ubs downgrades south32 to neutral lowers price target amid growth concerns

UBS has downgraded South32 shares from "Buy" to "Neutral," lowering the price target from AUD 4.00 to AUD 3.70. This decision follows a strong performance last year, but concerns about long-term growth projects and reduced earnings forecasts due to rising operating costs have influenced the analysts' outlook. The stock now trades in line with BHP, indicating a more balanced risk/reward scenario for investors.

ASX 200 declines as Chinese stimulus falls short of expectations

The ASX 200 fell 22 points (-0.27%) to 8243, marking a second consecutive day of losses amid disappointing Chinese stimulus and concerns over potential tariffs from Donald Trump. Despite this, Australian consumer and business confidence indexes showed significant gains, with the Westpac-Melbourne Institute consumer sentiment index rising 5.3% to 94.6, its highest in two and a half months. Mining stocks, particularly uranium miners like Paladin Energy, faced steep declines, while consumer-facing stocks like Cettire and Temple & Webster saw gains. The banking sector showed mixed results, with ANZ up 1.43% while NAB fell 3.33% after going ex-dividend.
06:45 12.11.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.