Macquarie: Dam disaster ruling expected to impact provisions but outlook remains unchanged.

Macquarie stated that the Samarco dam breach incident could lead to costs for BHP Billiton higher by approximately $1.3 billion than previously expected, and therefore the bank has "conservatively" increased its provisions related to this 2015 disaster. Previously, a UK court ruled that the mining company was liable for damages. However, Macquarie did not adjust its earnings per share expectations or target price for the mining company's stock. The bank maintained a neutral rating on BHP Billiton's stocks listed on the Australian Stock Exchange and the London Stock Exchange, with target prices of 44.00 Australian dollars and 21.50 pounds respectively.