Goldman Sachs Downgrades Rio Tinto (RIO) to Neutral

October 24, 2011 6:46 AM EDT Send to a Friend
Get Alerts RIO Hot Sheet
Price: $44.19 -1.56%

Rating Summary:
    5 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 24 | New: 29
Trade RIO Now!
Goldman Sachs downgraded Rio Tinto (NYSE: RIO) from Buy to Neutral on weaker iron ore pricing. The firm sees greater upside elsewhere and cut its 12-month price target to 4800p.

For more ratings news on Rio Tinto click here and for the rating history of Rio Tinto click here.

Shares of Rio Tinto closed at $50.44 yesterday, with a 52 week range of $40.50-$76.67.


Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here



You May Also Be Interested In


Related Categories

Downgrades

Related Entities

Goldman Sachs

Add Your Comment