RBC Capital Downgrades Sibanye Stillwater to Sector Perform, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tyler Broda has downgraded Sibanye Stillwater (NYSE:SBSW) from Outperform to Sector Perform and lowered the price target from $9 to $6.5.
October 18, 2023 | 8:39 am
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Sibanye Stillwater has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target of $6.5.
The downgrade from Outperform to Sector Perform suggests that RBC Capital believes Sibanye Stillwater will perform in line with the sector, rather than outperforming it. The lowered price target from $9 to $6.5 indicates a negative outlook for the stock's future performance. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100