This Is What Whales Are Betting On Freeport-McMoRan
Portfolio Pulse from Benzinga Insights
A financial giant has made a bullish move on Freeport-McMoRan (NYSE:FCX), with 50% of traders showing bullish tendencies and 50% bearish. The significant investors are aiming for a price territory stretching from $33.0 to $50.0 for Freeport-McMoRan over the recent three months. JP Morgan has lowered its rating to Neutral with a new price target of $42, while BMO Capital maintains their Outperform rating with a price target of $45. Morgan Stanley continues to hold an Equal-Weight rating, targeting a price of $41.
November 06, 2023 | 8:30 pm
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NEUTRAL IMPACT
Freeport-McMoRan has seen a mix of bullish and bearish tendencies from traders, with significant investors aiming for a price territory of $33-$50. Analysts have mixed views, with JP Morgan lowering its rating to Neutral, BMO Capital maintaining an Outperform rating, and Morgan Stanley holding an Equal-Weight rating.
The news presents a mixed picture for Freeport-McMoRan. While there is a bullish move from a financial giant, the trader sentiment is equally divided between bullish and bearish. The analyst ratings also vary, with JP Morgan lowering its rating, while BMO Capital and Morgan Stanley maintain positive views. This could lead to uncertainty in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100