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Rio Tinto downgraded to Neutral from Buy at Liberum

Liberum analyst Ben Davis downgraded Rio Tinto to Neutral from Buy with a 4,570 GBp price target. Following a “tactical upgrade” in November on short-term iron ore bullishness, the firm downgraded the shares as its restocking indicator “falls to a Hold signal and other seasonal kicks, such as Australia/Brazil supply disruption, fail to materialize.”

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