Goldman Sachs Downgrades Rio Tinto (RIO) to Neutral

October 24, 2011 6:46 AM EDT
Get Alerts RIO Hot Sheet
Price: $95.68 -0.43%

Rating Summary:
    13 Buy, 13 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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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.


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