South32 Ltd Receives Analyst Upgrades and Secures Major Order
South32 Ltd, a diversified metals and mining company, has received upgrades from analysts. BNP Paribas Exane upgraded the company to a neutral rating, while Canaccord upgraded it to hold amid price pressure.
Recent Developments
- BNP Paribas Exane upgraded South32 Ltd to a neutral rating.
- Canaccord upgraded South32 Ltd to hold amid price pressure.
Hermosa Project Update
South32 Ltd has secured a major order for its Hermosa project from Sandvik, a Swedish engineering group. This development suggests that the company is making progress in its operations.
Stock Price Performance
The stock price of South32 Ltd has been under pressure, with some analysts downgrading their expectations. However, the company’s recent upgrades and significant order suggest that it may be poised for growth.