MARKETS SPECTATOR: Macquarie, the BHP bull

Macquarie now recommends 'overweight' for BHP as the big miners come back into vogue on the back of cost cutting, but mining services stocks are out of favour.

Macquarie has upgraded its recommendation for BHP Billiton to overweight while at the same time exiting its positions in mining services firms Monadelphous and WorleyParsons.

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