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Fly News Breaks for October 10, 2018
FCX
Oct 10, 2018 | 07:02 EDT
Barclays analyst Matthew Murphy started Freeport McMoRan with an Underweight rating and $12 price target. The analyst cites "low growth" and a "weak" project pipeline for his Underweight rating.
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.
