Scotiabank analyst Orest Wowkodaw raised the firm’s price target on Freeport-McMoRan (FCX) to $52 from $48 and keeps an Outperform rating on the shares. The firm believes Freeport-McMoRan is the biggest winner of punitive Copper tariffs givens its domestic production and exposure to premium Comex prices, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Freeport-McMoRan price target raised to $56 from $42 at JPMorgan
- Copper market faces turmoil after Trump indicates 50% tariff, Bloomberg says
- Freeport-McMoRan initiated with a Buy at Stifel
- Freeport McMoRan call volume above normal and directionally bullish
- Trump says will be imposing 50% tariff on copper