Deutsche Bank analyst Liam Fitzpatrick downgraded Rio Tinto (RIO) to Hold from Buy with a price target of 5,100 GBp, down from 5,300 GBp, following today’s first half report from the company. While the firm says the company is “delivering consistently” and remains its “preferred iron ore major,” it sees downside risks to iron ore in the months ahead, the analyst tells investors.
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