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RBC upgrades South32 to Buy with A$5.50 price target

South32 logoSouth32
Sig1.95Sen+4.05Env0.00Soc0.00Gov0.00

RBC Capital upgraded South32 to a Buy on September 1 and set a price target of A$5.50, after shares closed at A$5.24. Citi also maintained a Buy with a A$6.00 target. For the quarter ending June 30, South32 reported revenue of A$2.96 billion and net profit of A$619.03 million versus prior-year revenue of A$2.6 billion and a GAAP net loss of A$147.05 million.

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