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AllianceBernstein has downgraded BHP Group Ltd. (NYSE:BHP) to market perform from a previous market outperform.
In a recently published note, the decision was explained by analyst Bob Brackett. He said Bernstein believes diminishing iron ore prices and a lack of opposing catalysts will dent BHP Group's stock performance. Moreover, the firm is of the opinion that the market believes lower commodity prices are en route, providing systemic risk to base metals miners.
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>>> Read more: BHP Downgraded at Bernstein
In a recently published note, the decision was explained by analyst Bob Brackett. He said Bernstein believes diminishing iron ore prices and a lack of opposing catalysts will dent BHP Group's stock performance. Moreover, the firm is of the opinion that the market believes lower commodity prices are en route, providing systemic risk to base metals miners.
Warning! GuruFocus has detect...
>>> Read more: BHP Downgraded at Bernstein
