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Fly News Breaks for December 19, 2019
TECK, FCX
Dec 19, 2019 | 08:03 EDT
Higher copper prices are a "key positive" for the shares of copper miners Freeport McMoRan (FCX) and Teck Resources (TECK), Goldman Sachs analyst Matthew Korn tells investors in a research note. Further, the analyst believes reduced copper availability in China, combined with the potential for improving in-country demand, will be supportive of copper prices and lift earnings expectations for both companies. Korn keeps Buy ratings on both Freeport and Teck while noting that Freeport is best positioned.