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Fly News Breaks for April 23, 2019
BHP
Apr 23, 2019 | 05:03 EDT
UBS analyst Glyn Lawcock last night downgraded BHP Group to Neutral from Buy with an unchanged price target of 1,900 pence. The stock's rally has been supported by higher iron ore prices, but these should fall over the next six to 12 months, Lawcock tells investors in a research note. The analyst expects prices of both iron and thermal coal to moderate.
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