South32 (SOUHY) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research lowered shares of South32 (OTCMKTS:SOUHY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.
According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “
A number of other brokerages have also recently issued reports on SOUHY. Deutsche Bank cut South32 from a hold rating to a sell rating in a report on Tuesday, November 7th. UBS cut South32 from a buy rating to a neutral rating in a report on Thursday, October 5th. Citigroup raised South32 from a neutral rating to a buy rating in a report on Tuesday, December 5th. ValuEngine cut South32 from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Finally, Macquarie cut South32 from an outperform rating to a neutral rating in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $15.00.
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. It also exports its products.
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