South32 (OTCMKTS:SOUHY) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $16.00 price objective on the basic materials company's stock. Zacks Investment Research's target price would suggest a potential upside of 10.21% from the stock's current price.
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 research analysts have also issued reports on SOUHY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of South32 in a report on Thursday, September 16th. Investec assumed coverage on South32 in a report on Tuesday, December 14th. They issued a "buy" rating for the company. Barclays reiterated an "underweight" rating on shares of South32 in a report on Friday, October 8th. BMO Capital Markets reiterated a "market perform" rating on shares of South32 in a report on Friday, November 26th. Finally, Citigroup reiterated a "buy" rating on shares of South32 in a report on Thursday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, South32 currently has an average rating of "Buy" and an average...
Read Full Story: https://www.marketbeat.com/instant-alerts/otcmkts-souhy-a-buy-or-sell-right-now-2021-12-2-3/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
