Search...
Research Alert: CFRA Keeps Buy Opinion On Adss Of Rio Tinto Group
I'm PortAI, I can summarize articles.
CFRA maintains a Buy opinion on Rio Tinto Group, raising the target price to USD84, reflecting growth potential in copper and aluminum aligned with decarbonization opportunities. Rio Tinto's strategy includes unlocking USD5B-USD10B from existing assets, a 4% unit cost reduction by 2030, and a 3% copper-equivalent production CAGR from 2024-2030. The updated strategy aims to prioritize higher-value assets and support the iron ore business.
Source: fidelity The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments