The Rabid Capitalist

Professor Glenn A. Okun

Rio Tinto (RIO): Deutsche Bank raised its price target by three percent and maintained their buy recommendation on the stock. 

BHP Group (BHP):  Deutsche Bank increased its price target by almost seven percent and kept their hold rating on the stock.

N.B.: These positive revisions suggest an expectation for broad improvement in the mining industry’s fundamentals based on growing demand in an economic soft landing in 2024.