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Bernstein's Bullish Stance On BHP Has Come To An End
Monday, January 22, 2018 - 3:49pm | 409Analysts at Bernstein's bullish stance on BHP Billiton Limited (ADR) (NYSE: BHP) was based on the premise that the involvement of activist investor Elliott Management would bring in some of the necessary changes to the company. But Monday, the firm parted ways with its bullish stance after...
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Bernstein Upgrades BHP Billiton On High 'Intrinsic Value,' Change In Leadership
Wednesday, July 5, 2017 - 10:12am | 531BHP Billiton Limited (ADR) (NYSE: BHP) was upgraded to Outperform by Bernstein on the strength of the Australian company’s core mining business. BHP has traded lower than its peers in recent months, but shares are poised to return to their “intrinsic value,” analyst Paul Gaitsaid...
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Iron Ore, Steel Falling And Taking The Sector With It
Tuesday, July 7, 2015 - 12:21pm | 513Iron ore prices continued falling on Tuesday after a rebound in Chinese port stockpiles hurt the outlook for the commodity. According to Mining.com, the benchmark 62 percent Fe import price including freight and insurance at the Chinese port of Tianjin lost $2.68 per tonne and traded at $49.60. The...