BHP Group downgraded to Hold on decarbonization risk at Deutsche Bank » 13:0007/0107/01/20
As previously reported,…
As previously reported, Deutsche Bank analyst Liam Fitzpatrick downgraded BHP Group (BHP) to Hold from Buy with a price target of 1,650 GBp, down from 1,750 GBp. Decarbonization has emerged as a key challenge facing the Materials sectors and the "risks for the sector are building," contends Fitzpatrick. In that context, he said he believes Rio Tinto's (RIO) portfolio is better positioned for the long term than BHP's. Fitzpatrick also upgraded Rio Tinto to Buy from Hold.
BHP Group downgraded to Hold from Buy at Deutsche Bank » 12:5007/0107/01/20
Deutsche Bank analyst…
Deutsche Bank analyst Liam Fitzpatrick downgraded BHP Group to Hold from Buy.
|Over a week ago|
BHP Group price target raised to 1,850 GBp from 1,700 GBp at UBS » 12:3506/2506/25/20
UBS analyst Myles Allsop…
UBS analyst Myles Allsop raised the firm's price target on BHP Group to 1,850 GBp from 1,700 GBp and keeps a Buy rating on the shares.
BHP Group hires banks to sell Australian thermal coal mine, Reuters reports » 06:2306/2406/24/20
BHP Group has hired…
BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, Reuters' Clara Denina and Melanie Burton report, citing three sources. BHP's Mt Arthur open cut mine, in the Hunter Valley region of New South Wales, supplies thermal coal used as fuel for power plants to domestic and international customers. Reference Link
BHP Group price target raised to 1,830 GBp from 1,780 GBp at JPMorgan » 13:1106/0806/08/20
JPMorgan analyst Dominic…
JPMorgan analyst Dominic O'Kane raised the firm's price target on BHP Group to 1,830 GBp from 1,780 GBp and keeps an Overweight rating on the shares.
|Over a month ago|
Fly Intel: Top five analyst upgrades » 10:0905/2905/29/20
BLMN, DPZ, PZZA, PII, BHP, FOXF
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bloomin' Brands (BLMN) upgraded to Buy from Hold at Jefferies with analyst Andy Barish citing early data from casual dining companies that have reported sales trends since reopening certain restaurants. 2. Domino's Pizza (DPZ) and Papa John's (PZZA) were upgraded to Buy from Neutral at Northcoast. 3. Polaris (PII) Industries upgraded to Outperform from Neutral at Wedbush with analyst James Hardiman saying the powersports names in general, and Polaris in particular, could prove to be "great" ways to play the reopening of states. 4. BHP Group (BHP) upgraded to Buy from Neutral at BofA with analyst Jason Fairclough saying iron ore prices will stay higher for longer due to stimulus in China and the restarting of industrial activity. 5. Fox Factory (FOXF) upgraded to Buy from Neutral at BofA with analyst Rafe Jadrosich saying the demand in the company's key end markets - including mountain bikes, off-road vehicles, and power-sports - should benefit from a spending shift away from traditional entertainment to "solitary leisure experiences." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BHP Group upgraded to Buy from Neutral at BofA » 05:2805/2905/29/20
BofA analyst Jason…
BofA analyst Jason Fairclough upgraded BHP Group to Buy from Neutral with a 2,050 GBp price target. Iron ore prices will stay higher for longer due to stimulus in China and the restarting of industrial activity, Fairclough tells investors in a research note. The analyst believes the company's payout ratio will remain above 5% with an implied dividend yield of 5%-6%.
Teck Resources announces Antamina resumes operations » 08:5305/2705/27/20
TECK, BHP, GLNCY, MSBHY
Teck Resources Limited…
Teck Resources Limited (TECK) announced that Compania Minera Antamina, in which Teck has a 22.5% interest along with BHP (BHP), 33.75%, Glencore (GLNCY), 33.75%, and Mitsubishi Corporation (MSBHY), 10%, has now resumed operations at the Antamina mine. Antamina has mobilized a reduced operating workforce and plans to start off at roughly 80% of full capacity, with a gradual ramp-up to full production expected in the third quarter. Comprehensive COVID-19 protocols are in place to safeguard the health of workers and local communities.
BHP Group upgraded to Buy on valuation after pullback at UBS » 06:1705/1305/13/20
UBS analyst Myles Allsop…
UBS analyst Myles Allsop upgraded BHP Group to Buy from Neutral with a price target of 1,700 GBp, down from 1,800 GBp. While the outlook for commodity demand remains uncertain, BHP is well positioned given its "high quality low-cost" assets and "strong" balance sheet, Allsop tells investors in a research note. With the share price down 20% since February and with an "sustainable" dividend yield over 5%, the valuation is now attractive, says the analyst.
BHP Group upgraded to Buy from Neutral at UBS » 05:2105/1305/13/20
UBS upgraded BHP Group to…
UBS upgraded BHP Group to Buy from Neutral with a 1,700 GBp price target.