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Ord Minnett downgrades BHP Group Ltd (BHPLF) to a Hold
In a report released today, from Ord Minnett downgraded BHP Group Ltd to a Hold, with a price target of A$54.00.
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In addition to Ord Minnett, BHP Group Ltd also received a Hold from Citi’s Ephrem Ravi in a report issued yesterday. However, today, Morgan Stanley maintained a Buy rating on BHP Group Ltd (Other OTC: BHPLF).
Based on BHP Group Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$28.41 billion and a net profit of A$5.74 billion. In comparison, last year the company earned a revenue of A$25.18 billion and had a net profit of A$4.42 billion
Read More on BHPLF:
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- BHP Group enters deal with China Mineral Resources Group, FT says
- BHP Lifts Copper Outlook, Advances Growth Projects as Leadership Transition Nears
- BHP Group reports Q3 copper output at 476.8kt, down 7% from last year
- Largest borrow rate increases among liquid names
- BHP Group price target raised to 2,850 GBp from 2,800 GBp at Citi
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