New Sell Rating for Rio Tinto (RIO), the Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Ben Davis reiterated a Sell rating on Rio Tinto with a price target of £6,100. This follows a similar Sell rating from Morgan Stanley's Alain Gabriel on July 20. Conversely, Bank of America Securities maintained a Hold rating on the basic materials giant.
RBC Capital analyst Ben Davis reiterated a Sell rating on Rio Tinto today and set a price target of p6,100.00.
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According to TipRanks, Davis is a 4-star analyst with an average return of 15.1% and a 54.21% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Valterra Platinum Limited, and Ecora Royalties PLC.
In addition to RBC Capital, Rio Tinto also received a Sell from Morgan Stanley’s Alain Gabriel in a report issued on July 20. However, today, Bank of America Securities reiterated a Hold rating on Rio Tinto (LSE: RIO).