Information Provided By: 
Fly News Breaks for March 3, 2020
RIO
Mar 3, 2020 | 12:21 EDT
Societe Generale analyst Sergey Donskoy upgraded Rio Tinto to Buy from Hold. The analyst said that while the company's near-term earnings outlook is "somewhat opaque due to risks to commodity demand," he believes the share price, which has corrected over 15% due to the coronavirus panic, does not fully reflect "solid" long-term fundamentals. He added that the iron ore market has "demonstrated notable resilience" and sees price benchmarks remaining supported in the near term. Donskoy sees the correction in Rio Tinto shares as a buying opportunity.
News For RIO From the Last 2 Days
There are no results for your query RIO
