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BHP Group downgraded to Neutral from Buy at Citi

Citi downgraded BHP Group (BHP) to Neutral from Buy with a A$43 price target The company’s FY25 results were “very solid” with a dividend surprise the firm isn’t sure can be replicated in FY26, the analyst tells investors in a research note. The firm added that inflationary pressures across the cost base have largely normalized, although pockets of pressure persist in some areas, and overall cost levels remain materially higher than pre-pandemic benchmarks.

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