NEW YORK (dpa-AFX) – The US bank JPMorgan has lowered the price target for Rio Tinto from 7,840 to 7,220 pence and downgraded the shares from “Overweight” to “Neutral”. Analyst Dominic O’Kane became noticeably more defensive on mining and steel stocks given the escalation in the Middle East. He recalled the weakness of the sector at the beginning of the Ukraine war. Industrial metal prices have barely reacted to the Iran war – despite their close correlation with global economic growth. His previous negative scenarios for copper and iron ore are now the new starting point./ag/gl
Publication of the original study: March 9th, 2026 / 00:53 / GMT First time distribution of the original study: March 9th, 2026 / 00:57 / GMT
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