Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Rio Tinto (RIO): Argus raised the firm’s price target to $80 from $72 and maintained its buy rating on the stock. The firm concluded that RIO’s restructuring efforts, including cutting costs and selling noncore assets, will boost its financial performance. They noted that Rio has historically performed well during difficult economic times and has strong long-term growth potential.
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