BHP: Credit Suisse drops 'Outperform' rating
(CercleFinance.com) - Credit Suisse has downgraded its rating on the BHP share from "Outperform" to "Neutral," while trimming its target price from 15 pounds to 14.
50 pounds, judging "recent share price appreciation leaves risk-reward balanced".
The broker still regards BHP's balance sheet as being "robust" and sees little risk on dividends with a 2020 yield of 5%, but thinks that "yields are no longer attractive enough to serve as a trigger to push the stock price higher".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
50 pounds, judging "recent share price appreciation leaves risk-reward balanced".
The broker still regards BHP's balance sheet as being "robust" and sees little risk on dividends with a 2020 yield of 5%, but thinks that "yields are no longer attractive enough to serve as a trigger to push the stock price higher".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.