On Wednesday, CFRA analyst Hazim Bahari revised the price target for BHP (ASX: BHP ) Billiton (NYSE: BHP ) shares, reducing it to $56 from the previous $62, while keeping a Hold rating on the stock. The $126 billion mining giant, currently trading near its 52-week low of $48.06, appears undervalued according to InvestingPro analysis. The adjustment follows BHP's operational report for the second quarter of fiscal year 2025, which did not meet the analyst's expectations. Despite strong copper sales, with an 8.5% year-over-over increase to 492.8 kilotonnes and a 1% rise in average realized price (ARP) to $3.73 per pound, the company's iron ore and steelmaking coal suffered significant ARP declines due to weak demand from China. InvestingPro data reveals BHP maintains a strong financial health score of GREAT (3.01/5), with robust cash flows and moderate debt levels.