Jefferies analysts added Rio Tinto (RIO) to the firm’s "Franchise Picks" list, which represents a selection of the firm’s "most differentiated calls in liquid stocks." Rio Tinto is well-placed to benefit from a recovery in Chinese economic growth, including stability in China’s troubled property markets, said the firm, which has a Buy rating and 6,700 GBp price target on the shares. With the update, the firm also removed Stellantis (STLA) and ArcelorMittal (MT) from the Franchise Picks list.
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