Citi analyst Ephrem Ravi lowered the firm’s price target on Rio Tinto (RIO) to 4,600 GBp from 5,400 GBp and keeps a Neutral rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIO:
- Rio Tinto’s Closure Challenges: Navigating Evolving Risks and Regulations
- Western Copper expands, revises Investor Rights Agreement with Rio Tinto Canada
- Rio Tinto seeks government bailout for Tomago aluminum smelter, Bloomberg says
- Rio Tinto opens Western Range iron ore mine
- Rio Tinto price target lowered to 5,580 GBp from 5,920 GBp at JPMorgan