LONDON (dpa-AFX Analyzer) – Barclays has lowered the price target for Rio Tinto from 4900 to 4200 pence and left the rating at “Equal Weight”. The extent of the problems in Pilbara is worrying, but not limited to Rio, wrote analyst Amos Fletcher in a study published on Friday. At the same time, a new management that focuses on growth is not necessarily bad. A faster reduction in carbon emissions will make the mining company future-proof. However, he referred to higher investments, lower production volumes and higher costs, which is why he has lowered his estimates and thus also the price target./ck/he
Publication of the original study: 10/21/2021 / 22:24 / GMT First distribution of the original study: 10/22/2021 / 04:10 / GMT
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