** Analysts at Jefferies and Citi says diversified miner South32's S32.AX Q2 production results beat their estimates
** Jefferies says co's alumina production for the quarter beat their estimates by 6% while aluminium production beat estimates by 3.4%
** Jefferies reiterates "hold" rating; gives PT A$3.40
** However, Jefferies says manganese and nickel commodity headwinds are likely to drive portfolio resets over the course of CY25
** Citi raises FY25 EBITDA expectations by 9%; gives PT of A$3.90 and keeps "Neutral" rating
** Analysts on average rate the stock "buy"; their median PT is A$4.0 – LSEG data
** Stock rose over 2% in 2024
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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