Morgan Stanley Maintains Equal-Weight on Freeport-McMoRan, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Equal-Weight rating on Freeport-McMoRan (NYSE:FCX) and lowered the price target from $44 to $41.
October 20, 2023 | 12:12 pm
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Morgan Stanley has maintained an Equal-Weight rating on Freeport-McMoRan and lowered the price target from $44 to $41.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Freeport-McMoRan in the short term as it indicates a lower expected future value of the company.
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