Argus Upgrades BHP Billiton (BHP) to Buy

Argus upgraded BHP Billiton (NYSE: BHP) from Hold to Buy with a price target of $40.00.

The analyst said the company's earnings are expected to benefit from stable-to-higher commodity prices and management’s actions to reduce costs.

For an analyst ratings summary and ratings history on BHP Billiton click here. For more ratings news on BHP Billiton click here.

Shares of BHP Billiton closed at $32.21 yesterday.

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