Buy, Sell, Hold: South32, Evolution and Pantoro

SOUTH32 and Evolution upgraded; and a look at Pantoro's acquisition.

Buy, Sell, Hold: South32, Evolution and Pantoro Buy, Sell, Hold: South32, Evolution and Pantoro Buy, Sell, Hold: South32, Evolution and Pantoro Buy, Sell, Hold: South32, Evolution and Pantoro Buy, Sell, Hold: South32, Evolution and Pantoro

South32 (S32)

Analyst: Rahul Anand et al, Morgan Stanley

Recommendation: Overweight (initiation)

Price target: A$4.05

Thursday's close: $3.

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