(BHP $38.27, rated Overweight, Target price REDUCED to $60 from $90); SIGNIFICANT CHANGES TO OUR MODEL FROM LOWER COMMODITY PRICES, LOWER VOLUME FORECASTS, AND LOWER ESTIMATED OPERATING COSTS AND CAPITAL EXPENDITURES 10/31/2008

(BHP $38.27, rated Overweight, Target price REDUCED to $60 from $90);
SIGNIFICANT CHANGES TO OUR MODEL FROM LOWER COMMODITY
PRICES, LOWER VOLUME FORECASTS, AND LOWER ESTIMATED
OPERATING COSTS AND CAPITAL EXPENDITURES 10/31/2008