Citi analyst Ephrem Ravi opened an “Upside 30-Day Catalyst Watch” on BHP shares, which the analyst contends “got disproportionately hit” on the approval of Jansen Phase-2. The stock should recover once investors have digested the impact while the completion of the coking coal disposal should help support cash return expectations for BHP, says the analyst, who has a Neutral rating and 2,400 GBp price target on the shares.
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