Citi analyst Ephrem Ravi raised the firm’s price target on Rio Tinto (RIO) to 5,700 GBp from 4,600 GBp and keeps a Neutral rating on the shares.
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Read More on RIO:
- China suspends export controls on gallium, germanium, NY Times reports
- Activist Palliser pressures Rio Tinto to mount counterbid for Teck, Reuters say
- Rio subsidiary launches investigation into mine in Mongolia, Bloomberg says
- Rio Tinto, China’s SPIC launch battery swap truck trial at Oyu Tolgoi mine
- Rio Tinto price target lowered to 6,100 GBp from 6,170 GBp at JPMorgan