BUZZ-Morgan Stanley cuts PT of Australia's South32 on Mozal power deal risks
Reuters
Sep 01
BUZZ-<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> cuts PT of Australia's South32 on Mozal power deal risks
Sept 1 (Reuters) - ** Analysts at Morgan Stanley cut price target of Australia's South32 S32.AX to A$3.30 from A3.45 due to power deal risks at Mozal in Mozambique and restart of Australian Manganese operations after cyclone
** Stock closes up 0.55% at A$2.735, highest since August 27
** Brokerage still rates stock "overweight" as aluminum and copper miner has potential to continue generating significant cash and to grow base metals production through Hermosa project in US
** Lowers FY26 EPS estimate for South32 by 25% to US$0.19 per share
** YTD stock down 19.6%
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.SinghChundawat@thomsonreuters.com;))
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