Goldman Sachs Upgrades Rio Tinto plc (RTP) to Buy
RTP Hot Sheet
Rating Summary:3 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgraded Rio Tinto plc (NYSE: RTP) from Neutral to Buy with a 12-month price target of 5,000p, suggesting 35% upside.
The upgrade reflects the firm's increased iron ore price forecasts in 2013.
For an analyst ratings summary and ratings history on Rio Tinto plc click here. For more ratings news on Rio Tinto plc click here.
Shares of Rio Tinto plc closed at $62.17 yesterday, with a 52 week range of $39.60-$248.97.
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The upgrade reflects the firm's increased iron ore price forecasts in 2013.
For an analyst ratings summary and ratings history on Rio Tinto plc click here. For more ratings news on Rio Tinto plc click here.
Shares of Rio Tinto plc closed at $62.17 yesterday, with a 52 week range of $39.60-$248.97.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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