Goldman Sachs upgraded Rio Tinto to Conviction Buy from Buy. The stock offers compelling relative valuation vs. its peers, along with strong free cash flow and dividend yield, the analyst tells investors in a research note. The firm also notes that it has a bullish view on iron ore, aluminium and copper prices, with Rio Tinto also offering strong production growth from iron ore and copper.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RIO: