Citi analyst Alexander Hacking raised the firm’s price target on Freeport-McMoRan (FCX) to $67 from $48 and keeps a Buy rating on the shares. The firm updated the company’s model to reflect recent copper prices and the Grasberg ramp. Citi has a short-term bullish view on copper.
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Read More on FCX:
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 11
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- Freeport-McMoRan price target raised to $68 from $58 at JPMorgan
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- Freeport-McMoRan price target raised to $68 from $55 at Jefferies