Spanish shares lag European markets on Catalonia uncertainty

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Rio Tinto (RIO) PT Raised to $54 at Cowen on Model Update; 'Well Positioned to Benefit from Aluminum & Copper Price Uptrend'

October 17, 2017 2:42 PM EDT

Cowen raised its price target on Rio Tinto (NYSE: RIO) to $54.00 (from $47.00) while maintaining a Market Perform rating, following a model up to reflect third quarter events.

Analyst Novid Rassouli notes a positive outlook on the shares, following a model update to "reflect 3Q17... More