
Citi Reaffirms Their Hold Rating on Rio Tinto (RIO)

Citi analyst Ephrem Ravi reaffirmed a Hold rating on Rio Tinto with a price target of £57.00. Ravi, a 5-star analyst, has a 12.7% average return and a 63.25% success rate. RBC Capital also issued a Hold rating, while Barclays maintained a Buy rating on Rio Tinto. Ravi covers the Basic Materials sector, including stocks like Anglo American and Holcim.
In a report released today, Ephrem Ravi from Citi maintained a Hold rating on Rio Tinto, with a price target of £57.00.
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According to TipRanks, Ravi is a 5-star analyst with an average return of 12.7% and a 63.25% success rate. Ravi covers the Basic Materials sector, focusing on stocks such as Anglo American, Holcim, and Antofagasta.
In addition to Citi, Rio Tinto also received a Hold from RBC Capital’s Ben Davis in a report issued on November 13. However, on November 12, Barclays maintained a Buy rating on Rio Tinto (LSE: RIO).

