Rio Tinto: Oddo BHF trims TP

(CercleFinance.com) - Oddo BHF has reiterated its 'outperform' rating on Rio Tinto, with an adjusted target price of 6800 to 6600 pence, having updated its estimates for the mining company following the publication of its Q4 production figures on 16 January.


Amongst mining groups, Rio Tinto is one of those most impacted by the customs barriers put in place by the Trump administration against Canada, points out the analyst, for whom, however, tariffs remain a manageable issue at group level.

Oddo BHF considers that its 'outperform' opinion is still justified by good execution, long-term prospects in the main minerals against a backdrop of energy transition, and a valuation that remains attractive.


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