Freedom Capital earlier today upgraded Freeport-McMoRan (FCX) to Buy from Hold with a price target of $76, up from $47. The firm expects copper prices to continue trending higher. Demand for refined copper is supported by long-term structural drivers, the analyst told investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $72 from $70 at Scotiabank
- Freeport-McMoRan enters MOU with Indonesia government, extends operating rights
- Mixed options sentiment in Freeport McMoRan with shares up 2.5%
- Mixed options sentiment in Freeport McMoRan with shares down 2.76%
- Comcast, Texas Instruments, Nasdaq, Honeywell, Freeport Shaken