UBS Increases Price Target for Freeport-McMoRan to $74
UBS raised its price target on Freeport-McMoRan (FCX) to $74 from $66, maintaining a Buy rating. Meanwhile, Morgan Stanley downgraded FCX to Equal Weight and cut its price target to $66. Freeport reported Q1 adjusted EPS of 57 cents, exceeding expectations, and revenue of $6.23 billion.
Tickers: $FCX
Topics: Analyst Ratings Earnings Report Freeport-McMoRan Grasberg Mine Jefferies Morgan Stanley Price Target UBS