U.S. Markets closed

Are Miners Looking Cheap? J.P. Morgan Thinks So, Upgrades Rio Tinto

Annie Gilroy
Are Miners Looking Cheap? J.P. Morgan Thinks So, Upgrades Rio Tinto

Today, J.P. Morgan (JPM) upgraded Rio Tinto (RIO), believing that demand from China (FXI) should pick up over the coming months. It also believes that miners’ valuations are cheap compared to the same stages of previous cycles.