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Fly News Breaks for July 1, 2019
FCX
Jul 1, 2019 | 09:58 EDT
Citi analyst Alexander Hacking said he view today's update from Freeport McMoRan on its operations and outlook at PT Freeport Indonesia as a mild negative for the stock, stating that while he is not concerned with the Grasberg production guidance, he thinks the extent to which the production resequencing impacted costs is a concern. Hacking has a Buy rating on Freeport McMoRan shares.
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