BHP Billiton: Barclays raises target price
(CercleFinance.com) - On Monday Barclays confirmed its "overweight" rating on the BHP Billiton stock and has raised its corresponding target price from 1800 pence to 1850 pence.
“BHP's Miami presentation unveiled a refreshed list of seven long-term growth options including two new projects (Atlantis phase 3, Wards Well), highlighting BHP's ability to replenish its pipeline organically. BHP's growth options are more extensive (7 identified credible projects vs. 2 for RIO), more diverse (4 commodities vs. 2) and have fewer uncertainties associated, in our view,” the broker pointed out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
“BHP's Miami presentation unveiled a refreshed list of seven long-term growth options including two new projects (Atlantis phase 3, Wards Well), highlighting BHP's ability to replenish its pipeline organically. BHP's growth options are more extensive (7 identified credible projects vs. 2 for RIO), more diverse (4 commodities vs. 2) and have fewer uncertainties associated, in our view,” the broker pointed out.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.