Rio Tinto plc (NYSE:RIO) and BHP Billiton Ltd (NYSE:BHP) Climb on Morgan Stanley’s View
Shares of Rio Tinto plc (NYSE:RIO) climbed on Wednesday’s trading session after investment analysts at Morgan Stanley upgraded the company’s stock from an Equal-Weight to an Overweight rating
RIO stock is currently trading at $38.07, up $2.65 (or +7.48%), and 6,471,021 of its shares exchanged hands so far, a large increase in activity versus its average volume (3m) of 3,348,440
Rio Tinto, a leading global mining and metals company, has 1.83B Shares Outstanding and RIO stock 52-week range is between $31.97 and $51.62 per share
Brokerage firm Morgan Stanley also upgraded shares of BHP Billiton Ltd. (NYSE:BHP) from Equal-Weight to Overweight.
BHP stock is up $1.31 (or +3.82%) exchanging hands for about $35.56, with 4,243,442 shares traded so far on Wednesday
BHP Billiton, a leading global resources company, has 2.66B Shares Outstanding and BHP stock 52-week range is $30.15 – $60.33 per share
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