JPMorgan analyst Bill Peterson lowered the firm’s price target on Freeport-McMoRan (FCX) to $42 from $52 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the North America base metals. The firm cut December 2025 price targets by 20% across the board reflecting multiple de-rating and lower forward-commodity pricing amid ongoing tariff uncertainty and “evolving” recession risks.
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Read More on FCX:
- Freeport-McMoRan price target raised to $45 from $44 at Morgan Stanley
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- Freeport-McMoRan price target lowered to $40 from $45 at Scotiabank
- Freeport-McMoRan price target raised to $51 from $49 at Raymond James
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