JPMorgan raised the firm’s price target on Freeport-McMoRan (FCX) to $50 from $46 and keeps an Overweight rating on the shares ahead of the Q3 report. The firm established December 2026 price targets for the North America base metals group, incorporating higher real long-term copper and gold pricing.
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Read More on FCX:
- Early notable gainers among liquid option names on October 8th
- Freeport-McMoRan price target lowered to $46 from $48 at Morgan Stanley
- Southern Copper upgraded to Equal Weight from Underweight at Morgan Stanley
- Freeport-McMoRan upgraded to Buy at Citi on higher copper price forecast
- Freeport-McMoRan upgraded to Buy from Neutral at Citi