UBS Raises BHP Target Price to AU$43 Per Share

Summary

UBS has raised its price target for BHP to AUD 43 per share, a 2.4% increase.Zhitong

Impact Analysis

So UBS has bumped up BHP’s price target to AUD 43 per share, which is a modest 2.4% increase.Zhitong This comes on the heels of BHP’s recent announcement to cut 750 jobs and halt operations at the Saraji South mine in Queensland due to high coal royalties and market pressures.Zhitong The timing is interesting—right after a significant cost-cutting move, UBS is signaling confidence in BHP’s ability to manage its cost structure effectively. However, the technical analysis paints a mixed picture: while the long-term trend is upward, the medium-term trend is downward, and key indicators like MACD and moving averages suggest a bearish outlook. The market might be underestimating the execution risks and the potential for further operational disruptions. Given the current technical setup, it might be wise to approach with caution and consider small positions or wait for more clarity on the company’s operational stability.