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BHP downgraded over stalled changes

Bernstein has dropped BHP (AU:BHP) back to market perform partly because of its disappointment with the pace of change under new chairman Ken MacKenzie.

BHP downgraded over stalled changes BHP downgraded over stalled changes BHP downgraded over stalled changes BHP downgraded over stalled changes BHP downgraded over stalled changes

Bernstein thinks all of BHP's oil and gas assets should follow Fayetteville out the door