2317 GMT - South32's 1H result should be neutral for shares as solid earnings--in line with consensus estimates--and a modest dividend beat are balanced by ongoing cost pressures, says Citi analyst Paul McTaggart. "Meeting earnings expectations a positive offset by raised 2H FY25 unit cost guidance," he says in a note. Citi has a neutral rating and A$3.90 target on the stock. South32 ended Wednesday at A$3.43/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 12, 2025 18:17 ET (23:17 GMT)
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