Analyst action$MS1:48 AM ET

Morgan Stanley starts Rio Tinto coverage with Underweight, $90 target

By BORSA NewsroomPublished Aug 24, 2026, 1:48 AM EDTUpdated Aug 24, 2026, 1:50 AM EDT

Morgan Stanley initiated coverage of Rio Tinto with an Underweight rating and a $90 price target. The bearish call suggests limited upside potential for the mining giant.

Sentimentbearish 30

Bearish · 30 of 100

Impact30

low · stays off the top drivers

Confidence80%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Morgan Stanley initiated coverage
Rating: Underweight
Price target: $90
Morgan Stanley initiated coverage of Rio Tinto with an Underweight rating and a $90 price target.