##{"id":51353,"date":"2006-02-05T09:19:26","date_gmt":"2006-02-04T22:19:26","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2006\/04\/05\/merrills-sees-huge-upside-in-bhp-and-rio\/"},"modified":"2017-02-24T03:21:37","modified_gmt":"2017-02-23T16:21:37","slug":"merrills-sees-huge-upside-in-bhp-and-rio","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2006\/02\/05\/merrills-sees-huge-upside-in-bhp-and-rio\/","title":{"rendered":"Merrills Sees Huge Upside In BHP And Rio"},"content":{"rendered":"<p class=\"MsoNormal\"><span>BHP Billiton (BHP) and Rio Tinto (RIO) are not expensive on most measures, Vicky Binns and her team of mining analysts at Merrill Lynch say, while lifting their targets on the two stocks by a whopping 30% and 19% respectively. <\/span><\/p>\n<p \/>\n<p class=\"MsoNormal\"><span><\/span><\/p>\n<p class=\"MsoNormal\"><span>Both companies have strong margins and returns, the analysts point out, as well as under geared balance sheets and \u201cgrowing free cashflow yields.\u201d<\/span><\/p>\n<p \/>\n<p class=\"MsoNormal\"><span><\/span><\/p>\n<p class=\"MsoNormal\"><span>Merrill Lynch also sees both as trading at \u201csignificant\u201d and \u201cunwarranted\u201d discounts to the market.<\/span><\/p>\n<p \/>\n<p class=\"MsoNormal\"><span><\/span><\/p>\n<p class=\"MsoNormal\"><span>The broker also sees the likelihood of \u201ccontinued earnings upside momentum\u201d with spot prices remaining above their forecasts. <\/span><\/p>\n<p \/>\n<p class=\"MsoNormal\"><span><\/span><\/p>\n<p class=\"MsoNormal\"><span>Merrills now has a target of $35 on BHP and $95 on RIO.<\/span><\/p>\n<p \/>\n<p class=\"MsoNormal\"><span><\/span><\/p>\n<p class=\"MsoNormal\"><span>In answer to which one investors should choose, the analysts are quite clear: \u201cdon\u2019t choose, buy both.\u201d<\/span><\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>Merrill Lynch upgrades its target prices on BHP to $35 and RIO to $95. Vicky, Vicky what have you done?<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/51353"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=51353"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/51353\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=51353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=51353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=51353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}