Jefferies Downgrades BHP Group to Hold, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Christopher LeFemina has downgraded BHP Group from Buy to Hold and reduced the price target from $72 to $68.
October 04, 2024 | 12:33 pm
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Jefferies has downgraded BHP Group from Buy to Hold, with a reduced price target of $68, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view on BHP's stock performance, and the lowered price target indicates reduced expectations for future gains. This could lead to a short-term negative impact on BHP's stock price as investors adjust to the new outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100