(Sharecast News) - Barclays downgraded Rio Tinto on Tuesday to 'equalweight' from 'overweight' and cut the price target to 6,600p from 6,885p, citing a number of near-term headwinds.
Barclays said it believes iron ore prices are currently close to the peak of seasonality which typically sees prices progressively decline until Q4,...

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE