BMO Capital Maintains Outperform on Freeport-McMoRan, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst David Gagliano has maintained an 'Outperform' rating on Freeport-McMoRan (NYSE:FCX), but lowered the price target from $47 to $45.

October 20, 2023 | 1:51 pm
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BMO Capital has maintained an 'Outperform' rating on Freeport-McMoRan but lowered the price target from $47 to $45.
The news is directly related to Freeport-McMoRan (FCX) as BMO Capital has maintained an 'Outperform' rating on the company but lowered the price target. This suggests that while the analyst still believes the company will outperform the market, they have slightly reduced their expectations for the stock's future price. This could have a neutral impact on the stock's price in the short term as the positive 'Outperform' rating is balanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100