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Fly News Breaks for September 12, 2016
BHP, RIO
Sep 12, 2016 | 06:20 EDT
JPMorgan analyst Lyndon Fagan upgraded Rio Tinto (RIO) to Overweight saying his firm's higher near-term iron ore price forecasts improve the company's free cash flow outlook. The analyst views the current valuation as attractive and continues to prefer Rio to BHP Billiton (BHP). He upped his price target for Rio shares to A$54 from A$51.
News For RIO;BHP From the Last 2 Days
RIO
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