BHP Group price target lowered to 2,150 GBp from 2,250 GBp at Jefferies

Jefferies analyst Christopher LaFemina lowered the firm’s price target on BHP Group (BHP) to 2,150 GBp from 2,250 GBp and keeps a Hold rating on the shares. The firm believes idiosyncratic factors will drive share price performance in metals/mining in 2025. Jefferies sees limited upside to most commodity prices this year, although there is potential for copper, aluminum and met coal prices to move higher. The firm has updated its commodity price deck to reflect Q4 actuals and its new, more cautious forecasts.