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FCX

Freeport McMoRan

$14.68

0.71 (5.08%)

10:40
08/16/17
08/16
10:40
08/16/17
10:40

Flurry of activity in Freeport McMoran as shares break a downtrend

Flurry of activity in Freeport McMoran as shares break a downtrend. The stock up 67c to $14.64 in brisk trading of 5.9M shares. 7.3K Sep 15 calls traded in the name. Aug 14, Sep 14, and Aug 14.5 calls are next most actives. Total volume lopsided nearly 4:1 at 32K calls and 8.5K puts.

FCX Freeport McMoRan
$14.68

0.71 (5.08%)

04/11/17
COWN
04/11/17
NO CHANGE
COWN
Outperform
Cowen incrementally more constructive on copper fundamentals
Cowen analyst Novid Rassouli said he is more constructive on the near and long-term fundamentals of copper, citing the supply shortage and recent China data points that suggest a healthy level of demand. Rassouli reiterated his Outperform rating on Freeport McMoRan shares and a Neutral rating on Southern Copper shares.
04/27/17
DBAB
04/27/17
NO CHANGE
Target $14
DBAB
Hold
Freeport McMoRan risk/reward not yet favorable, says Deutsche Bank
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.
07/12/17
BREN
07/12/17
DOWNGRADE
BREN
Sell
Freeport McMoRan downgraded to Sell from Hold at Berenberg
Berenberg analyst Fawzi Hanano downgraded Freeport McMoRan to Sell.
07/12/17
07/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monsanto (MON) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying Bayer's (BAYRY) all-cash offer appears on track for year-end. The analyst views the deal failing as a "low-probability scenario" and keeps a $128 price target for the shares. 2. Freeport McMoRan (FCX) downgraded to Sell from Hold at Berenberg. 3. Kimberly-Clark (KMB) downgraded to Sell from Neutral at UBS with analyst Stephen Powers saying the stock's 11% rise year-to-date is not based on fundamentals but news flow of consolidation in the Household Products sector. 4. Harley-Davidson (HOG) downgraded to Market Perform from Outperform at Bernstein with analyst David Beckel citing his belief that "demographic shifts and a stagnating economy" will prevent demand for the company's motorcycles from growing in the U.S. for the next five years. 5. IMAX (IMAX) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying positive catalysts "might take some time to develop." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ICE

IntercontinentalExchange

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0.22 (0.29%)

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JXSB

Jacksonville Bancorp

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PLYA

Playa Hotels & Resorts

$11.31

0.03 (0.27%)

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  • 18

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RARX

RA Pharmaceuticals

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The 41k initial claims drop to a 45-year low of 220k »

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AGIO

Agios Pharmaceuticals

$70.33

1.53 (2.22%)

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Agios Pharmaceuticals analyst commentary  »

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PRTK

Paratek Pharmaceuticals

$17.68

-0.075 (-0.42%)

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Syndicate
Paratek Pharmaceuticals 3.11M share Spot Secondary priced at $16.10 »

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  • 18

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ALXN

Alexion

$122.12

-2.36 (-1.90%)

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MTZ

MasTec

$51.90

0.75 (1.47%)

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CLR

Continental Resources

$57.18

0.25 (0.44%)

08:57
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Downgrade
Continental Resources rating change  »

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GATX

GATX

$65.21

-0.5 (-0.76%)

08:57
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Earnings
GATX reports Q4 non-GAAP EPS 68c, consensus 73c »

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  • 18

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XLRN

Acceleron

$44.99

-0.03 (-0.07%)

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BDX

Becton Dickinson

$231.37

2.83 (1.24%)

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Becton Dickinson says enrollment complete in Lutonix below-the-knee trial »

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  • 23

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SCHW

Charles Schwab

$56.09

0.56 (1.01%)

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BAC

Bank of America

$31.18

-0.06 (-0.19%)

, GE

General Electric

$17.35

-0.86 (-4.72%)

08:55
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Options
Notable open interest changes for January 18th »

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BAC

Bank of America

$31.18

-0.06 (-0.19%)

GE

General Electric

$17.35

-0.86 (-4.72%)

FB

Facebook

$177.60

-0.79 (-0.44%)

BABA

Alibaba

$183.83

1.43 (0.78%)

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  • 18

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General news
U.S. housing starts dropped 8.2% to 1.192 M in December »

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ABM

ABM

$38.73

0.26 (0.68%)

08:55
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  • 18

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AMGP

Antero Midstream GP

$20.89

-0.11 (-0.52%)

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Antero Midstream Partners

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Conference/Events
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  • 18

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BIVV

Bioverativ

$62.32

-1.55 (-2.43%)

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  • 14

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UTHR

United Therapeutics

$140.32

5.2 (3.85%)

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PYPL

PayPal

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2.05 (2.55%)

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  • 08

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EDGE

Edge Therapeutics

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MSFT

Microsoft

$90.14

1.79 (2.03%)

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  • 18

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SNAP

Snap

$13.52

0.02 (0.15%)

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TWTR

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  • 18

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BMRN

BioMarin

$89.64

-0.6 (-0.66%)

08:52
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BioMarin initiated  »

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  • 28

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