JP Morgan Initiates Coverage On Freeport-McMoRan with Neutral Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has initiated coverage on Freeport-McMoRan (NYSE:FCX) with a Neutral rating and a price target of $42.
October 17, 2023 | 11:40 am
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NEUTRAL IMPACT
JP Morgan has initiated coverage on Freeport-McMoRan with a Neutral rating and a price target of $42.
The initiation of coverage by JP Morgan with a Neutral rating suggests that the bank sees the stock as fairly valued at current levels. The price target of $42 indicates where they believe the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price, but the neutral rating suggests no significant movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100