Dahlman Rose reiterated its Rio Tinto RIO Buy rating and $127 price target in a research report published today.
In the report, Dahlman Rose states, "Overall, although the company's 2Q11 production was below our estimates in several areas, it produced 5% more iron ore than we anticipated, which carries the most impact, as the company's EBITDA is over 70% attributable to iron ore."
Shares of Rio Tinto were trading at $70.65 at the time of posting, down 0.08% from Wednesday's market close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetReiterationAnalyst RatingsDahlman RoseDiversified Metals & MiningMaterials
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in