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South32 downgraded to Neutral from Buy at Citi

South32 downgraded to Neutral from Buy at Citi

Citi analyst Ephrem Ravi downgraded South32 (SOUHY) to Neutral from Buy with an unchanged price target of A$3.90. The firm downgrades South32 with earnings down on base metals price revisions after having incorporated Citi’s latest commodity price changes for key metals stocks, the analyst tells investors.

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