0444 GMT - Investors were focused on Rio Tinto's strategic goals, capital allocation and key commodity price outlooks when Barclays hosted the miner's investor relations team at its European leadership conference, analysts at the bank say. The Barclays analysts say that "generalist interest was notable, with enthusiasm for Rio's positioning in Tier-1 assets exposed to capex waves for electrification, AI and defense." Barclays has an equal weight rating on Rio Tinto's London-listed stock, with a target price of 6,600 pence. Rio trades 2.2% higher in Sydney at A$185.74. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 22, 2026 00:44 ET (04:44 GMT)
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