Buy, Sell, Hold: South32 and Pilbara

SOUTH32's rating downgraded following confirmation of its thermal coal exit, while Pilbara upgraded after a site visit.

Buy, Sell, Hold: South32 and Pilbara Buy, Sell, Hold: South32 and Pilbara Buy, Sell, Hold: South32 and Pilbara Buy, Sell, Hold: South32 and Pilbara Buy, Sell, Hold: South32 and Pilbara

South32 (S32)

Analyst: Hayden Bairstow, Macquarie

Recommendation: Neutral (previously outperform)

Price target: A$3.10 (previously $3.20)

Thursday's close: $2.

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