Morgan Stanley Maintains Equal-Weight on Freeport-McMoRan, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Equal-Weight rating on Freeport-McMoRan (NYSE:FCX) and raised the price target from $38.5 to $44.

September 21, 2023 | 12:58 pm
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Morgan Stanley has maintained an Equal-Weight rating on Freeport-McMoRan and raised the price target from $38.5 to $44.
The news of Morgan Stanley maintaining an Equal-Weight rating on Freeport-McMoRan and raising the price target is directly related to the company and is likely to have a positive impact on its stock price in the short term. Investors may see this as a sign of confidence in the company's performance and future prospects, which could drive up demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100