Morgan Stanley Sticks to Their Buy Rating for South32 (S32)
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Rahul Anand maintained a Buy rating on South32 (S32) with a price target of A$4.85, citing his track record in the Basic Materials sector. While Citi also issued a Buy rating yesterday, Morgan Stanley's equity research team downgraded the stock to Hold. The report highlights Anand's strong performance metrics and covers other major players like BHP Group.
Morgan Stanley analyst Rahul Anand maintained a Buy rating on South32 today and set a price target of A$4.85.
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Anand covers the Basic Materials sector, focusing on stocks such as PLS Group, BHP Group Ltd, and South32. According to TipRanks, Anand has an average return of 13.3% and a 55.96% success rate on recommended stocks.
In addition to Morgan Stanley, South32 also received a Buy from Citi’s Ephrem Ravi in a report issued yesterday. However, today, Morgans downgraded South32 (LSE: S32) to a Hold.