Soaring BHP still has room to run

Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 8-Mar-16

A rebound in the iron ore price prompted renewed investor support for BHP Billiton, Rio Tinto and Fortescue Metals Group on 7 March 2016. BHP shares closed 4.98 per cent higher at $A18.55, compared with $A15.57 one week earlier. Shaw & Partners and UBS are the most bullish about the outlook for BHP, with 12-month share price targets of $A27 and $A22 respectively. In contrast, JP Morgan has a share price target of just $A13.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, SHAW AND PARTNERS LIMITED, UBS HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED, DEUTSCHE BANK AG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, MACQUARIE BANK LIMITED – ASX MBL, CREDIT SUISSE (AUSTRALIA) LIMITED, CITIGROUP PTY LTD, CLSA AUSTRALIA PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, CLARKSONS PLATOU, ROYAL BANK OF CANADA, BARCLAYS BANK PLC, JEFFERIES AND COMPANY, STANDARD BANK LONDON LIMITED, SBG SECURITIES, MORGAN STANLEY AND COMPANY INCORPORATED, SAMARCO MINERACAO SA, VALE SA

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