Rio Tinto Limited named a ‘Research Tactical Idea’ at Morgan Stanley

Morgan Stanley analyst Rahul Anand named Rio Tinto Limited as a “Research Tactical Idea,” citing the belief that the share price will rise in absolute terms over the next 60 days. The firm sees Rio benefitting from the higher iron ore and copper prices it now forecasts and sees “valuation upside risk,” says the analyst, who keeps an Overweight rating and A$135 price target on the shares.