Sibanye Stillwater price target lowered to $9 from $13 at Deutsche Bank

Deutsche Bank analyst Abhi Agarwal lowered the firm’s price target on Sibanye Stillwater to $9 from $13 and keeps a Hold rating on the shares. The company’s results across the board were weak, with production below expectations, the analyst tells investors in a research note. The firm says Sibanye’s operational underperformance remains a headwind.