Argus raised the firm’s price target on BHP Group (BHP) to $90 from $68 and keeps a Buy rating on the shares. The company’s long-term fundamentals are bullish, and the firm expects the company to benefit from global economic growth, the analyst tells investors in a research note. Some of its commodities have been under pressure, which has led to reduced earnings power and a lower dividend, but the outlook is improving as the Chinese economy stabilizes, the firm added.
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