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Fly News Breaks for January 21, 2020
RIO
Jan 21, 2020 | 17:10 EDT
BMO Capital analyst Edward Sterck downgraded Rio Tinto to Market Perform from Outperform with a 4650 GBp price target. The analyst noted that Rio's shares have performed well and closed the gap with BHP, and added that he downgraded forecasts for 2021 and sees iron ore prices softening through the Lunar New Year.