Why did BofA Securities upgrade Sasol's stock rating to 'Buy'?

BofA Securities upgraded Sasol Limited's stock rating to 'Buy' from 'Neutral' based on expectations of improved oil and refining conditions and higher volumes, which are projected to significantly boost the company's free cash flow.

What are the key financial implications of BofA's upgrade for Sasol?

As part of the upgrade, BofA Securities raised its price target for Sasol to $16.88 from $12, and anticipates that the expected increase in free cash flow will enable Sasol to reduce debt and resume dividend payments in fiscal 2027.

BofA upgrades Sasol stock rating to buy on cash flow outlook

Sep 9, 2026

BofA Securities upgraded Sasol Limited to Buy with a $16.88 price target, citing improved oil and refining conditions boosting free cash flow. The firm expects this to enable debt reduction and a return to dividend payments by fiscal 2027.

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