BHP News: Anglo American: Jefferies downgrades to Hold as $49 bln BHP offer falls through - 30th May 2024, 8:05am

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Investing.com-- Anglo American PLC (LON:AAL) was downgraded by Jefferies after a takeover attempt by mining giant BHP Group Ltd (ASX:BHP) fell through this week, with the brokerage citing potential risks as the copper miner undertakes a major restructuring.

Jefferies downgraded Anglo’s London shares to Hold from Buy, and also cut the stock’s price target to 2,700 pence from 3,200 pence. The new PT represents an upside of about 9% from current levels.

BHP dropped its $49 billion bid f...

>>> Read more: Anglo American: Jefferies downgrades to Hold as $49 bln BHP offer falls through
 
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