In the good books
St Barbara (SBM) was upgraded to Buy from Hold by Deutsche Bank. B/H/S – 3/1/1. Fears for a Sino-USA trade war have pushed down prices for commodities, and related share prices, but Deutsche Bank analysts see resilient demand, plus policy response in China, as the harbinger of better times ahead. All in all, the sector update includes an upgraded outlook for Aluminium prices as well as short-term Alumina prices. Price forecasts have also increased for Thermal Coal, crude oil, iron ore, manganese and Coking coal. Downgrades have been implemented for shorter-term copper, zinc and cobalt forecasts. Target price is $4.20.
In the not-so-good books