Argus analyst John Eade lowered the firm’s price target on BHP Group to $60 from $68 but keeps a Buy rating on the shares. The company’s long-term fundamentals remain strong, and the firm expects BHP to benefit from global economic growth, the analyst tells investors in a research note. Prices for Materials, to which the company’s results are linked, are lower year-over-year, but the firm expects them to rise in coming quarters as global economic growth resumes, Argus added.
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