Argus Raises Price Target on Rio Tinto (RIO) to $120
Argus has raised its price target on Rio Tinto (RIO) to $120 from $115, citing improved operating performance and balance sheet strength. The firm also highlighted Rio Tinto's strategic moves toward clean energy demand through lithium projects. Bernstein also raised its target to $83.50, noting rising aluminum prices.
Tickers: $RIO
Topics: Aluminum Prices Analyst Upgrade Clean Energy Dividends Iron Ore Production Mining Sector Price Target Rio Tinto