0635 GMT - Questions will now emerge about Glencore's strategic future after a planned merger with rival Rio Tinto came to naught, J.P. Morgan writes, resuming coverage of the stock with a neutral rating. The two miners said Thursday that they had ended talks on a tie-up, citing disagreements over key details. Investors will now focus on copper growth and potential other deals and divestments, JPM's analysts say. The investment bank has a 4.90 pounds target price on the London-listed stock. Shares last closed at 4.75 pounds. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
February 06, 2026 01:35 ET (06:35 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.