Morgan Stanley tactically bullish on BHP (BHP.US): Over the next two months, two major copper catalysts could ignite the stock price.

Zhito Finance APP has learned that Morgan Stanley's latest tactical investment report indicates that BHP Group (BHP.US) is expected to see an absolute rise in its share price over the next 60 days (not relative to the broader market, but an increase in the share price itself), with an estimated probability of about 70% to 80% (i.e., "very likely"). The bank maintains its "Overweight" rating on BHP, with an industry view of "Attractive," and sets a target price of AUD 69.00 for its Australian-listed shares. As of the close on October 12, BHP's share price was AUD 62.43, implying approximately 10.5% upside to the target price.