Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:56 EDT
Argus analyst David Coleman downgraded BHP Group to Hold from Buy, noting the company has missed earnings expectations in 5 of its past 8 reporting periods while also significantly underperforming the market over the past quarter and year. The analyst adds that BHP may have trouble selling its coal business due to environmental concerns as the management shifts its production focus to copper and nickel. Coleman also lowers his FY20 and FY21 EPS outlook by 3c and 19c to $3.85 and $3.96 respectively.
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