Dahlman Rose Maintains Rio Tinto PT, Lowers Estimates (RIO)

Dahlman Rose maintained its Rio Tinto RIO $127 price target and lowered Rio Tinto's 2011 estimates in a research report published today. In the report, Dahlman Rose states, "In Rio Tinto's 1Q11 operations review, the company reported that adverse weather conditions across Australia, most notably in the Queensland and Pilbara regions, affected its coal, iron ore, uranium, and alumina operations." Shares of Rio Tinto closed at $71.66, down 0.65% from Tuesday's market close.