CAPITAL MARKETS

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.

Brad Ricks
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. In...

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