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Morgan Stanley Sticks to Its Buy Rating for South32 (S32)

Tipranks - Fri Feb 13, 5:06PM CST

Morgan Stanley analyst Rahul Anand maintained a Buy rating on South32 today and set a price target of A$4.75.

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Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and South32. According to TipRanks, Anand has an average return of 12.7% and a 56.43% success rate on recommended stocks.

In addition to Morgan Stanley, South32 also received a Buy from Barclays’s Ian Rossouw CFA in a report issued today. However, on February 10, Citi maintained a Hold rating on South32 (LSE: S32).

S32 market cap is currently A$20.54B and has a P/E ratio of 51.12.

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