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BHP: downgraded by broker
(CercleFinance.com) - BHP shares are down nearly 1% in London on the back of a recommendation downgrade by Jefferies (from 'buy' to 'hold'), with a target price lowered by 9% to 2,550 pence, in light of the mining company's strong recent share performance.
The broker also cites a risk of BHP making a new bid for Anglo American after the end of the six-month restriction period at the end of November, and a risk of higher capital expenditure in the medium term. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
12/05/2025 10:32
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