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Morgan Stanley Keeps Their Buy Rating on South32 (S32)

Tipranks - Tue Mar 17, 7:18PM CDT

In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on South32, with 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 14.1% and a 57.70% success rate. Anand covers the Basic Materials sector, focusing on stocks such as South32, Rio Tinto Limited, and Pilbara Minerals .

In addition to Morgan Stanley, South32 also received a Buy from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued on March 15. However, on March 9, TipRanks – xAI reiterated a Hold rating on South32 (LSE: S32).

Based on South32’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.86 billion and a net profit of A$451.14 million. In comparison, last year the company earned a revenue of A$3.19 billion and had a net profit of A$360 million

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