BHP, Miners Dive As Goldman Warns On Commodities
Goldman Sachs is taking less of a shine to miners, as it sees commodity prices falling. The firm downgraded BHP Billiton (BHP) and Rio Tinto (RIO) and cut the Cliffs Natural Resources (CLF) price target as the companies dipped through their 200 day lines. Goldman lowered BHP Billiton to neutral from buy. Espirito Santo Investment also cut BHP on commodity prices and cited a modest economic recovery in China. Rio was downgraded to sell by Goldman,
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