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Fly News Breaks for February 10, 2016
FCX
Feb 10, 2016 | 09:00 EDT
Cowen reviewed the copper and oil and gas portfolios of Freeport McMoRan and believes the company has many potential levers at its disposal. The firm sees substantial value in the shares based on its deleveraging potential. Cowen reiterated its Outperform rating but lowered its price target to $10 from $20 on Freeport McMoRan shares.
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.
