JPMorgan analyst Bill Peterson raised the firm’s price target on Freeport-McMoRan (FCX) to $68 from $58 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the North America base metals group as part of a Q4 preview. It lifted targets to reflect to improved forward pricing. JPMorgan continues to favor copper over aluminum citing supply disruptions and a weaker dollar.
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