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Fly News Breaks for May 16, 2016
FCX
May 16, 2016 | 07:46 EDT
Cowen raised its price target on Freeport McMoRan to $15 from $10 citing its strong copper assets and significant progress on its deleveraging process, which puts the company in a much better position than several months ago. The firm believes the company is beginning to regain investor interest. Cowen reiterated its Outperform rating on Freeport McMoRan shares.
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