Buy, Sell, Hold: Rio, South32 and Calidus

ANALYSTS update models following investor days for Rio and South32; and coverage initiated on Calidus.

Buy, Sell, Hold: Rio, South32 and Calidus Buy, Sell, Hold: Rio, South32 and Calidus Buy, Sell, Hold: Rio, South32 and Calidus Buy, Sell, Hold: Rio, South32 and Calidus Buy, Sell, Hold: Rio, South32 and Calidus

Rio Tinto (RIO)

Analyst: Lyndon Fagan, JP Morgan

Recommendation: Neutral

Price target: A$75 (previously $77)

Thursday’s close: $69.