JPMorgan Reaffirms Bullish Stance on Rio Tinto Amid Glencore Merger Talks Collapse

JPMorgan analysts have resumed coverage of Rio Tinto with an "Overweight" rating and £75.00 price target, despite the collapse of merger talks with Glencore. The analysts believe the termination of negotiations reinforces their thesis that global miners will embrace strategic change to drive shareholder value creation. JPMorgan retains a positive outlook on European Metals & Mining equities, citing underappreciated ROCE, ROE, and economic value add.