Morgan Stanley is tactically bullish on BHP (BHP.US): In the next two months, two major copper mine catalysts may spark a surge in the stock price.

According to reports from Zhihu Finance APP, Morgan Stanley's latest tactical investment report indicates that BHP (BHP.US) shares are expected to achieve an absolute increase (not relative to the broader market, but in the share price itself) within the next 60 days, assigning a probability estimate of approximately 70% to 80% (i.e. "very likely"). The bank maintains its "Overweight" rating on BHP, holds an "Attractive" view for the sector, and sets a target price of AUD 69.00 for its shares listed in Australia. As of the close on October 12th, BHP shares were trading at AUD 62.43, representing an upside potential of around 10.5% compared to the target price.