Dahlman Rose Reiterates BHP Billiton Buy, $119 PT

Dahlman Rose reiterated its BHP Billiton BHP Buy rating and $119 price target in a research report published today. In the report, Dahlman Rose states, "Overall production for the quarter was mostly in line with our estimates. We are expecting earnings per ADR of $3.71 for the six months ended June 30. The company will report earnings on August 24th, and we will look for additional detail about the recent Petrohawk acquisition at that time as well." Shares of BHP Billiton were trading at $92.70 at the time of posting, up 0.83% from Tuesday's market close.