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BHP: shares fall after UBS downgrade

(CercleFinance.com) - BHP shares fell on Tuesday after UBS downgraded its rating on the global miner from "buy" to "neutral".


"After a strong share price performance and with price risks for iron ore & met coal prices skewed to the downside we believe the risk vs reward is now balanced," the broker said, while maintaining its target price of 1,900 pence for the stock.

Shares are currently down 0.1% at 1,867 pence in mid-morning trading on the London Stock Exchange.

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