J.P. Morgan Remains a Buy on South32 (S32)
I'm LongbridgeAI, I can summarize articles.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.
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).