Market Overview

UPDATE: Citigroup Downgrades BHP Billiton to Neutral on Lower Coal and Nickel Pricing

Share:
Related BHP
Mining Stock Q3 Earnings On Tap: Newmont, Teck Resources, Yamana, Eldorado
Fast Money Traders Share Their Thoughts On Miners, Ambarella, Viacom, Transport And HP
Permian DUC Wells Surge With Massive Implications For WTI Oil Prices, Inventories And Permian Oil Producers (Seeking Alpha)

Citigroup downgraded BHP Billiton (NYSE: BHP) from Buy to Neutral.

Citigroup said, "DQ12 production was in-line with our estimates, with iron ore/petroleum better and coal/copper weaker. Production guidance for oil, iron ore and copper reaffirmed, but our FY13+ estimates have been downgraded on lower coal & nickel prices, plus a higher A$. After the rally in the share price we downgrade our recommendation to Neutral, with an unchanged A$36/share target."

BHP Billiton closed at $77.93 on Tuesday.

Latest Ratings for BHP

DateFirmActionFromTo
Aug 2017RBC CapitalDowngradesSector PerformUnderperform
Jul 2017CitigroupDowngradesBuyNeutral
Jul 2017BernsteinUpgradesMarket PerformOutperform

View More Analyst Ratings for BHP
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (BHP)

View Comments and Join the Discussion!

Partner Center