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.
Published first on TheFly
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