JPMorgan Lowers Rio Tinto (RIO) Price Target Slightly, Maintains Overweight Rating

Group 1 - Rio Tinto Group (NYSE: RIO) is recognized as one of the 11 Best FTSE Dividend Stocks to buy currently [1] - JPMorgan analyst Dominic O'Kane has slightly reduced the price target for Rio Tinto from 6,170 GBp to 6,100 GBp while maintaining an Overweight rating [3] - The company reported a 6% quarter-over-quarter increase in third-quarter iron ore shipments, with significant production growth in copper, reaching 204,000 tons, a 10% year-over-year increase [4] Group 2 - Rio Tinto currently pays a semi-annual dividend of $1.48 per share, resulting in a dividend yield of 5.11% as of October 29 [5]