UBS Maintains Neutral Rating for Rio Tinto with Target Price of 5250 Pence

UBS has given Rio Tinto plc a "Neutral" rating and a target price of 5250 pence after the company's recent investor day.

Analyst Myles Allsop observed that the event conveyed mixed messages about the mining group's future prospects.

Despite the uncertainties highlighted during the presentation, management expressed confidence in achieving targeted growth and maintaining a solid base dividend.

The report, published on December 4, 2024, reflects UBS's cautious stance on the stock amid ongoing market evaluations.

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