Investors Likely on Close Watch For Any Rio Tinto Deal News -- Market Talk
Dow Jones2026/07/30 04:380438 GMT - All eyes will be on Rio Tinto over the next few months after a six-month standstill on deal talks with Glencore expires on Aug. 5, Macquarie says. Analysts at the bank say they were surprised by the "distinct lack" of M&A discussion on a 1H results call. Copper "is clearly a commodity Rio likes, and it may look to add [copper] exposure inorganically given its strong balance sheet," the bank says. Macquarie has a neutral rating and A$180.00 target on Rio's Sydney-listed shares. The stock is up 0.9% at A$166.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
July 30, 2026 00:38 ET (04:38 GMT)
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