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Investing.com -- Bernstein downgraded Anglo American PLC (LON:AAL) to âMarket-Performâ citing a more balanced risk-reward profile after BHP Group (NYSE:BHP) withdrew its interest in acquiring the miner.
The âBHP Put,â called a safety net by brokerage for Angloâs shareholders, is no longer in play, reducing the margin of safety underpinning its prior âOutperformâ rating.
BHPâs decision was attributed to valuation divergences according to media reports. BH...
>>> Read more: Bernstein downgrades Anglo American after BHP exit
The âBHP Put,â called a safety net by brokerage for Angloâs shareholders, is no longer in play, reducing the margin of safety underpinning its prior âOutperformâ rating.
BHPâs decision was attributed to valuation divergences according to media reports. BH...
>>> Read more: Bernstein downgrades Anglo American after BHP exit
