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Fly News Breaks for April 27, 2017
FCX
Apr 27, 2017 | 06:02 EDT
Deutsche Bank analyst Chris Terry says Freeport McMoRan's Q1 results were impacted by strikes, weather and a host of issues at Grasberg. The analyst does not see an attractive risk/reward opportunity with the key operating terms at Grasberg over the medium-to-long term remaining unresolved. He keeps a Hold rating on the shares with a $14 price target.
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.
