Bernstein Downgrades BHP Group to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Paul Gait has downgraded BHP Group (NYSE:BHP) from Outperform to Market Perform.
September 25, 2023 | 8:57 am
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BHP Group has been downgraded from Outperform to Market Perform by Bernstein analyst Paul Gait.
Analyst ratings often have a direct impact on stock prices. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will now perform in line with the market, rather than outperforming it. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100