RBC Capital Markets replaced its ‘underweight’ rating with a ‘neutral’ while JP Morgan reckons the shares are now worth 450p, up from its earlier target of 410p.
“The divestment is occurring at an unfortunate time, with many key commodities at prices not seen since 2009,” said Investec analyst Hunter Hillcoat.
As a result, it reckons the new “improved” BHP Billiton is likely to report decade-low earnings in its maiden year.
“That said, on our commodity price forecasts, we expect ongoing earnings growth to support the credit rating and the progressive dividend policy,” he added.
The broker increased its target price on BHP shares from 1329p to 1383p, and upgraded its rating to ‘hold’ from ‘sell’.
Yesterday the newspaper group said its full-year results will be in line with market expectations.
Revenues from the company's biggest website, the MailOnline, are expected to offset a decline in print sales.
The publisher also expects to reward shareholders with higher than expected earnings per share.
Today, JP Morgan kept its overweight stance on the company and raised its target price for the shares to 245p from 210p.
Rightmove (LON:RMV) also received an upgrade. Exane BNP Paribas added 300p onto its target price for the online estate agent's shares.
The broker now reckons they’re worth 3600p. Shares currently trade at 3,250p.
Broker Cenkos reiterated its ‘buy’ recommendation and said with the three clinical programmes well underway, there are a number of exciting opportunities for the company.
Broker SP Angel said it was great news. “This puts the company in play in Russia and should generate significant interest within the industry as the Kun Maine project is considered to be a world-class nickel / polymetallic project in its scale.”