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Fly News Breaks for February 9, 2016
FCX
Feb 9, 2016 | 07:39 EDT
In a research note titled "M&A Can Save Freeport," Jefferies analyst Christopher LaFemina raised his price target for Freeport McMoRan shares to $6.50 from $5. A copper asset sale may happen in the first half of 2016 and would be a positive for the stock, LaFemina tells investors. A sale would improve the company's liquidity and unlock value, he believes. The analyst keeps a Hold rating on Freeport.
News For FCX From the Last 2 Days
FCX
Apr 17, 2024 | 05:46 EDT
JPMorgan raised the firm's price target on Freeport-McMoRan to $52 from $43 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the North America copper group. Copper's recent bullish shift has unfolded quicker than expected while coinciding with earlier than anticipated momentum building in global manufacturing PMIs, suggesting pricing may have outpaced fundamentals at this point, the analyst tells investors in a research note.
