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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 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.
The UBS Australasia Conference 2024 in Sydney brought together industry leaders, policymakers, and innovators to discuss the impact of productivity, healthcare, and technology on the economy and investment landscape. Featured speakers included UBS's chief economist Paul Donovan and Google’s regional director Renee Lo, among others. The event highlighted key insights and trends shaping the future of various sectors.
UBS analysts predict a period of consolidation for gold due to a stronger dollar and potential US fiscal stimulus concerns, before it climbs to $2,950 an ounce by the end of 2026. They expect gold to reach $2,900 an ounce by the end of next year, driven by central bank demand and geopolitical risks. Gold has surged 28% this year, supported by central bank accumulation and the Federal Reserve's shift to monetary easing.
UBS Group AG predicts that gold will reach $2,900 an ounce by the end of next year, following a similar forecast from Goldman Sachs. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts, before gold climbs further to $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS forecasts gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" prediction of $3,000, driven by central bank purchases and geopolitical tensions. Despite a potential consolidation phase due to a stronger dollar, ongoing strategic allocations and high macro volatility are expected to support prices. Currently, spot gold is trading near $2,630 an ounce, having risen 28% this year.
Lachlan Shaw
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs downgrades south32 stock rating and lowers price target to 3.70 aud
09:35 21.03.2025
ubs downgrades south32 to neutral lowers price target amid growth concerns
09:19 21.03.2025
insights from the 2024 ub australasia conference on economy and innovation
United States Dollar
AUS
Tom Hall
Raphael Güller
Lachlan Shaw
William Nicolle
Ana Mahony
Mario Draghi
Renee Lo
Fabio Segura
Kurt Reiman
Claudia Goldin
Richard J. Schellbach
Paul Donovan
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