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Stock impact report

Sasol (SSL) Hits 2-Year High as JPMorgan Turns Bullish, Ups Price Target by Over 100% [Yahoo! Finance]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: Yahoo! Finance
Sasol soared to an over two-year high on Friday, as investors loaded portfolios after an investment turned bullish for the stock and upgraded its price target by more than 100 percent. At intra-day trading, Sasol Ltd. (NYSE:SSL) soared to a new record high of $11.51 before trimming gains to end the session just up by 6.70 percent at $11.31 apiece. This followed JPMorgan's rating upgrade for Sasol Ltd. (NYSE:SSL) to “overweight” from “underweight” previously, while issuing a new price target of 209 rand, or a 122 percent boost from 94 rand previously. Sasol (SSL) Hits 2-Year High as JPMorgan Turns Bullish, Ups Price Target by Over 100% Copyright: katrintimoff / 123RF Stock Photo The coverage was based on its optimism that Sasol Ltd. (NYSE:SSL) would benefit from higher oil prices amid ongoing tensions in the Middle East and the continuing surge in oil prices due to supply disruptions. According to JPMorgan, its global commodities unit expects oil production cuts of 12 mill Show less Read more
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