BHP Group's (ASX:BHP) long-term fundamentals are "bullish" and the company is expected to benefit from global economic growth, said Argus Research in a March 28 note.
The company's American Depositary Receipts have underperformed year to date, being 20% off their 52-week high. Also, its shares have underperformed over the past year, falling 14%, the note added.
The research firm expects commodity prices to increase as China's economy recovers.
The company's balance sheet is "solid" and its 4% forecasted dividend yield is "attractive", the note said.
Argus Research kept BHP's buy with a price target of $56.
The company's shares rose 2% in recent Tuesday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。