Deutsche Bank slashes Rio Tinto outlook

EXPECT Rio Tinto shares to dip to $27 in the next 12 months and earnings for 2004 to come in well below the consensus figure of US$1.7 billion, according to Deutsche Bank.

Deutsche Bank slashes Rio Tinto outlook Deutsche Bank slashes Rio Tinto outlook Deutsche Bank slashes Rio Tinto outlook Deutsche Bank slashes Rio Tinto outlook Deutsche Bank slashes Rio Tinto outlook

DB has slapped a sell rating on the diversified miner suggesting currency movements, particularly in regards to the company's Australian assets, were likely to have a greater than expected impact.

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