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Rio Tinto downgraded to Hold from Buy at Berenberg

Berenberg downgraded Rio Tinto (RIO) to Hold from Buy with a price target of 4,700 GBp, down from 6,200 GBp. The firm is taking a more cautious view on iron ore and reduced estimates by about 5% over 2025-27, citing a lack of clear stimulus from China as “a key driver of this reduction,” the analyst tells investors.

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