Scotiabank lowered the firm’s price target on Freeport-McMoRan (FCX) to $71 from $72 and keeps an Outperform rating on the shares. The firm is updating its price targets for Metals & Mining stocks under its coverage ahead of Q1 results, the analyst tells investors. Based solely on its estimate, the firm recommends exposure to Freeport-McMoRan heading into Q1.
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