Fly News Breaks for March 3, 2020
News For BHP From the Last 2 Days
Apr 13, 2021 | 17:51 EDT
Goldman Sachs analyst Paul Young downgraded Fortescue Metals (FSUGY) to Sell from Neutral with a price target of A$18.9, down from A$20.4 as part of a broader research note on bulk miners. The analyst is citing the company's premium valuation relative to BHP (BHP) and Rio Tinto (RIO) and the ongoing capex and timing risks associated with its Iron Bridge project and uncertainties around Fortescue Future Industries diversification.