Check Out What Whales Are Doing With FCX
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor or institution, as evidenced by a large position in the company's options. The overall sentiment of these big-money traders is 95% bullish and 5% bearish. The whales have been targeting a price range from $39.0 to $44.0 for Freeport-McMoRan over the last 3 months. Citigroup and Bernstein have downgraded their ratings to Neutral and Market Perform respectively, while Morgan Stanley maintains an Equal-Weight rating.
July 11, 2023 | 3:03 pm
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A large investor has taken a bullish stance on Freeport-McMoRan, with a target price range of $39-$44. However, Citigroup and Bernstein have downgraded their ratings, while Morgan Stanley maintains an Equal-Weight rating.
The bullish stance taken by a large investor indicates a positive outlook for FCX. However, the downgrades by Citigroup and Bernstein may temper this bullishness. The target price range of $39-$44 suggests potential upside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100