Analysts Offer Insights on Materials Companies: Rio Tinto (GB:RIO) and Ternium SA (TX)
Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto (GB:RIO) and Ternium SA (TX).
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Rio Tinto (GB:RIO)
In a report released yesterday, Amos Fletcher from Barclays maintained a Hold rating on Rio Tinto, with a price target of £66.00. The company’s shares closed last Friday at p7777.00.
According to TipRanks.com, Fletcher is a 4-star analyst with an average return of
Currently, the analyst consensus on Rio Tinto is a Hold with an average price target of p7102.31, which is a -8.8% downside from current levels. In a report issued on May 8, TipRanks – Anthropic also downgraded the stock to Hold with a p8260.00 price target.
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Ternium SA (TX)
In a report released yesterday, Marcio Farid from Goldman Sachs reiterated a Buy rating on Ternium SA, with a price target of $57.00. The company’s shares closed last Friday at $46.99.
According to TipRanks.com, Farid is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ternium SA with a $46.64 average price target, implying a 2.4% upside from current levels. In a report issued on May 7, TipRanks – PerPlexity also upgraded the stock to Buy with a $54.00 price target.
Read More on GB:RIO:
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- Texas Instruments, Generac upgraded: Wall Street’s top analyst calls
- Rio Tinto downgraded to Neutral from Buy at BofA
- Rio Tinto Names New Group Company Secretary in Governance Transition
- Rio Tinto price target raised to 6,900 GBp from 6,200 GBp at Deutsche Bank
- Rio Tinto CLO Isabelle Deschamps to depart, Trudi Charles to succeed
