Buy, Sell, Hold: South32, Battery and First Au

VIEWS on South32's acquisition, Battery's debt debacle, and coverage initiated on newcomer.

Buy, Sell, Hold: South32, Battery and First Au Buy, Sell, Hold: South32, Battery and First Au Buy, Sell, Hold: South32, Battery and First Au Buy, Sell, Hold: South32, Battery and First Au Buy, Sell, Hold: South32, Battery and First Au

South32 (S32)

Analyst: Paul Hissey, RBC Capital Markets

Recommendation: Sector perform

Price target: A$3.25

Thursday's close: $3.76

Reason: Acquiring AZ for a further US$1.3B...

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