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FCX

Freeport McMoRan

$10.86

0.17 (1.59%)

08:02
10/03/16
10/03
08:02
10/03/16
08:02

Freeport McMoRan mine in Indonesia impacted by 'labor disruption', Reuters says

Freeport McMoRan's Indonesia operations at Grasberg open pit copper and gold mine have been impacted by what the company is calling a "labor disruption," reports Reuters, citing a company spokesman. Reference Link

FCX Freeport McMoRan
$10.86

0.17 (1.59%)

10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Barrick, Freeport, Pan American upgraded to Buy at Deutsche Bank
Deutsche Bank analyst Jorge Beristain noted that while commodity prices rallied in Q3 Metals & Mining companies continued to get their "financial houses in order" and he expects the trend to continue for the next few quarters. The analyst, who recommends investing in non-integrated companies as well as building Precious exposure, is upgrading several stocks in the sector, including Barrick Gold (ABX), Freeport McMoRan (FCX), Pan American Silver (PAAS), all to Buy from Hold. The analyst also upgraded a number of others in the sector to Hold from Sell this morning.
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Buy
Freeport McMoRan upgraded to Buy from Hold at Deutsche Bank
09/16/16
JPMS
09/16/16
NO CHANGE
Target $70
JPMS
Overweight
Anadarko price target raised to $70 from $64 at JPMorgan
JPMorgan analyst Arun Jayaram raised his price target for Anadarko Petroleum (APC) to $70 citing accretion from the deepwater property acquisition and uplift from higher planned reinvestment into its U.S. onshore franchise assets. Acquiring Freeport McMoRan's (FCX) deepwater assets in the Gulf of Mexico is contrarian with a strong strategic fit, Jayaram tells investors in a research note. The analyst keeps an Overweight rating on Anadarko.
09/14/16
09/14/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Neutral from Buy at UBS with analyst Darryl Genovesi citing relative outperformance. The analyst raised his price target to $38 from $35. 2. Coach (COH) downgraded on sustainability of turnaround efforts at Morgan Stanley with analyst Kimberly Greenberger saying the company delivered on fiscal 2016 financial targets but the 10-K suggests the turnaround is unsustainable and was achieved in an "unhealthy manner." 3. Freeport McMoRan (FCX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Evan Kurtz saying risk/reward is skewed to the downside as the stock is now pricing in $2.75/lb copper, above the firm's $2.43 average over the next 3 years. 4. HSBC (HSBC) downgraded to Neutral from Buy at UBS with the firm citing valuation following the recent rise in the shares. 5. Intersil (ISIL) downgraded to Hold from Buy at Deutsche Bank and to Neutral from Buy at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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