Gelonghui on September 16th | The sharp decline in iron ore prices prompted Macquarie to lower its recent profit expectations for large iron ore producers such as BHP Group Ltd and Rio Tinto. However, after the decline in the stock prices of these two companies, analysts still upgraded their stock ratings from neutral to outperform the large cap. They stated: "The current stock market reflects much lower iron ore prices, and we believe that BHP Group Ltd and Rio Tinto have some value at the current level, so we have upgraded the ratings of these two companies based on valuation reasons." The target prices of these two stocks on the ASX have both increased by 2%, reaching 44 Australian dollars and 120 Australian dollars respectively.