Rio Tinto's Analyst Sentiment Mixed Despite Bearish Outlook on Copper and Iron Ore

Rio Tinto Group (NYSE:RIO) is ranked among the 8 best nickel stocks to buy according to analysts, with 50% of covering analysts holding bullish views on the stock. The consensus price target of $95.50 implies a 10.23% upside. However, Bernstein lowered its price target from $83 to $77 while keeping an "Outperform" rating, and JPMorgan downgraded the stock from "Overweight" to "Neutral" and reduced its price target from GBp 7,840 to GBp 7,220.