BHP Hits Significant Milestone With Copper Plans -- Market Talk
Dow Jones
Yesterday
0320 GMT - BHP's 1H result "was a significant milestone in the evolution of the company," Macquarie says in a note. The world's biggest miner laid out a pathway for copper growth after several acquisitions, says the bank. The more-detailed plans came three months after another failed bid for Anglo American. "The longer-term growth trajectory and funding pathways are apparent, with yield investor's needs also met via a higher payout ratio," Macquarie says. The bank raises its target on BHP by 2% to A$52/share. It keeps a neutral rating. The stock is down 1.7% at A$51.86 after jumping by 4.7% Tuesday on the miner's latest update. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 17, 2026 22:20 ET (03:20 GMT)
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