BNP Paribas Exane has revised its outlook on South32 (SOUHY, Financial), upgrading the stock from an "Underperform" to a "Neutral" rating. The firm established a price target of 140 GBp for the company.
This decision follows a notable decline in South32's stock, which factored into BNP Paribas Exane's reassessment. The firm believes that current cost levels provide adequate support for this upgraded rating.