Business
Why BHP, Estia Health, HUB24, & South32 shares are dropping lower
The S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain on Wednesday. In afternoon trade, the benchmark index is up a sizeable 1.1% to 6,838.1 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The BHP share price is down over 2% to $44.11. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has downgraded the mining giant’s shares to a neutral rating but lifted the price target on them to $42.00. Although it has increased its earnings forecasts to reflect higher iron ore prices, it still feels BHP’s shares are fully valued at the current level. Hence today’s…
-
Noosa News22 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
Noosa News24 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland
-
General24 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash
-
Noosa News23 hours agoGabby Petito died after experiencing domestic violence. Young Aussies are identifying with her story