Bank of America Upgrades BHP Billiton (BHP)

BHP Billiton Limited (ADR) BHP 1.25% may be poised for an upturn in ROCE. BofA Merrill Lynch’s Jason Fairclough upgraded the rating for the company from Neutral to Buy, while raising the price objective from 825p to 1,250p.

Analyst Jason Fairclough mentioned three reasons for the upward revisions:

Source: Benzinga

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