BHP: Morgan Stanley stays 'overweight.'
(CercleFinance.com) - On Thursday Morgan Stanley announced that it is maintaining its "overweight" rating on BHP, along with a target price of 1,500 pence for the global miner's share.
"We expect the next phase of BHP's transformation to materially improve return on capital, reduce valuation and lift the equity market's perception of the group's ability to reinvest," the brokerage firm wrote in its research comments.
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