Buy, Sell, Hold: BHP, Heron and Azure

SAMARCO weighs on BHP; and coverage initiated on Heron and Azure.

Buy, Sell, Hold: BHP, Heron and Azure Buy, Sell, Hold: BHP, Heron and Azure Buy, Sell, Hold: BHP, Heron and Azure Buy, Sell, Hold: BHP, Heron and Azure Buy, Sell, Hold: BHP, Heron and Azure

BHP Billiton (BHP)

Analyst: Paul McTaggart, Credit Suisse

Recommendation: Neutral

Price target: $A22.50 (previously $26)

Thursday’s close: $20.