Morgan Stanley
Christopher Nicholson
Underweight -> Equal Weight
upgrade
Reason
Morgan Stanley analyst Christopher Nicholson upgraded Sibanye Stillwater to Equal Weight from Underweight with a price target of ZAR 65, up from ZAR 38. The firm says the company has mitigated several risks, including the Appian settlement, gold wage negotiations, and higher metal prices. This brings a a pathway to balance sheet de-gearing, the analyst tells investors in a research note.
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