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Analysts at Jefferies upgraded mining giant Rio Tinto to 'buy' on Friday, stating the group's strong free-cash-flow through the cycle should lead to a supportive dividend in weak markets and leverage to the upside in stronger markets, which in turn should provide a floor for the shares.
Analysts at Morgan Stanley reiterated their 'overweight' stance and 60. 0p target price for shares of Lloyds on Friday following a meeting with the lender's chief, Antonio Horta-Osorio.
