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Morgan Stanley Reaffirms Their Buy Rating on South32 (S32)

Tipranks - Thu Feb 5, 7:46PM 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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According to TipRanks, Anand is a 5-star analyst with an average return of 13.3% and a 57.93% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, South32, and BHP Group Ltd.

In addition to Morgan Stanley, South32 also received a Buy from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued yesterday. However, on February 2, TipRanks – OpenAI reiterated a Hold rating on South32 (LSE: S32).

Based on South32’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$2.6 billion and a GAAP net loss of A$147.05 million. In comparison, last year the company earned a revenue of A$2.29 billion and had a GAAP net loss of A$256 million

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