BHP BILLITON (BHP $73.57, RATING REDUCED FROM OVERWEIGHT TO NEUTRAL, price target cut from $83 to $68) LOWER LONG TERM IRON ORE PRICE ESTIMATES DUE TO GREATER ESTIMATED DISCOUNTS TO BENCHMARK RESULT IN LOWER ESTIMATED EARNINGS AND CASH FLOW 7/24/2014
BHP BILLITON (BHP $73.57, RATING REDUCED FROM OVERWEIGHT TO
NEUTRAL, price target cut from $83 to $68) LOWER LONG TERM IRON ORE
PRICE ESTIMATES DUE TO GREATER ESTIMATED DISCOUNTS TO
BENCHMARK RESULT IN LOWER ESTIMATED EARNINGS AND CASH FLOW 7/24/2014