---
title: "J.P. Morgan Remains a Buy on South32 (S32)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293566868.md"
description: "J.P. Morgan analyst Lyndon Fagan maintained a Buy rating on South32 (S32) with a price target of A$4.50, as shares closed at A$4.35. This follows a recent Buy recommendation from Morgans' Adrian Prendergast, while Macquarie previously held a Hold rating on the stock."
datetime: "2026-07-23T06:05:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293566868.md)
  - [en](https://longbridge.com/en/news/293566868.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293566868.md)
generator: "portal-rs"
---

# J.P. Morgan Remains a Buy on South32 (S32)

J.P. Morgan analyst Lyndon Fagan maintained a Buy rating on South32 on July 21 and set a price target of A$4.50. The company’s shares closed yesterday at A$4.35.

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According to TipRanks, Fagan is a 4-star analyst with an average return of 9.4% and a 61.94% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as PLS Group, IGO, and Liontown Resources Limited.

In addition to J.P. Morgan, South32 also received a Buy from Morgans’s Adrian Prendergast in a report issued yesterday. However, on July 8, Macquarie maintained a Hold rating on South32 (LSE: S32).

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**