Citi resumed coverage on Rio Tinto (RIO) with a Neutral rating and 7,000 GBp price target following Rio’s discussions with Glencore (GLNCY) not leading to a deal.
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Read More on RIO:
- Glencore says Rio Tinto potential offer ‘significantly undervalued’ contribution
- Rio Tinto no longer considering possible merger or combination with Glencore
- Rio Tinto, Glencore decide to end merger talks, Bloomberg reports
- Unusually active option classes on open February 5th
- Glencore-Rio Tinto merger ‘hangs in the balance’ as deadline looms, FT says
