<div id="readability-page-1"><p>12:05 AM EST, 12/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We lift our target price to USD84 (from USD77), implying an EV/EBITDA of 6.8x our 2026 EBITDA estimate. The valuation considers growth potential from ongoing projects and RIO's renewed focus on copper and aluminum - both well aligned with long-term opportunities in decarbonization and supported by our long-term positive view on copper fundamentals. At its 2025 Capital Markets Day, RIO outlined a strategy to unlock USD5B-USD10B from existing assets and targets a 4% unit cost reduction through 2030 via a simplified organization and operational discipline. The company also targets a 3% copper-equivalent production CAGR from 2024-2030, supported by developments across copper, iron ore, and lithium. We see the updated strategy as necessary and timely, with a simplified organization allowing for better prioritization of higher-value assets, providing a cushion to the iron ore business constrained by aging mines, in our view.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

力拓集团

力拓

<p>CFRA 对力拓集团维持买入评级，将目标价格上调至 84 美元，反映出在与脱碳机会相一致的铜和铝的增长潜力。力拓的战略包括从现有资产中释放 50 亿至 100 亿美元，计划到 2030 年实现 4% 的单位成本降低，以及在 2024 年至 2030 年期间实现 3% 的铜当量产量年均增长率。更新后的战略旨在优先考虑更高价值的资产，并支持铁矿石业务</p>

研究警报：CFRA 维持对力拓集团美国存托凭证的买入意见