
(ShareCast News) - Exane BNP Paribas cut its price target for BHP Billiton spinoff South32 to 79p from 90p and maintained a 'neutral' stance on the stock following the company's maiden results on Monday. It said earnings before interest, tax, depreciation and amortisation were 5% below consensus, wh
(ShareCast News) - Shares in South32, the metals mining group spun off from BHP Billiton in May, sank on Monday even though it reported maiden results showing improved underlying earnings benefiting from its early cost cutting plans. On revenues down 7% on a pro forma basis to US$7.74bn in the year