laughable

From today's MiningNews. These analysts are a joke. LEI loses 45million rev from a total of 16Billion for FY09 and 35-37Billion booked in all-up..... and JPMorgan slashes SP by almost 10 bucks!!!!

"JPMorgan downgraded BHP to neutral from overweight and slashed its price target to $27.50 from $37.

The broker said in a client note that BHP’s production and capital expenditure cuts could cost contractor Leighton up to $45 million in lost sales.

BHP is Leighton’s biggest customer, earning the construction giant up to $300 million a year.

Leighton shares dropped 5% today to $17.61."