Sasol's U.S.-Listed Shares Rise Over 9% After Bank of America Analyst Upgrades Rating
On September 10, 2026, Sasol (NYSE: SSL) saw its stock surge nearly 10%, driven by an upgrade in the analyst rating from Sashank Lanka at Bank of America Securities. The firm raised its price target for Sasol's South Africa-listed shares to 270 rand ($18.86), up from 200 rand ($12.49). Analysts cited optimism around potential growth in Sasol’s oil segment, which could significantly increase free cash flow and potentially allow the company to reinstate its dividend. Despite this positive outlook, some caution remains due to ongoing challenges within the global chemicals industry. The sector is still near a cyclical low with no clear signs of an imminent recovery. While Sasol has strong operational aspects, it operates in a market lacking immediate catalysts for growth, which could limit upside potential regardless of improvements in its oil operations. The Motley Fool's Stock Advisor team did not include Sasol among their top 10 stock recommendations at the time.
Topics: Bank of America Securities Edging into buy territory Sasol SSL