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Fly News Breaks for April 13, 2015
FCX
Apr 13, 2015 | 06:11 EDT
Citigroup upgraded Freeport McMoRan to Buy citing a favorable risk/reward with shares down 22% year-to-date. Citi expects copper to swing to a deficit in 2016 and for Freeport to generate positive free cash flow in 2016-2017. The firm raised its price target for shares to $23 from $19.
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