UBS Maintains Neutral on Freeport-McMoRan, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Andreas Bokkenheuser has maintained a Neutral rating on Freeport-McMoRan (NYSE:FCX) and reduced the price target from $42 to $41.
December 13, 2023 | 3:14 pm
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UBS has maintained a Neutral rating on Freeport-McMoRan and lowered the price target to $41, indicating a potential limited upside or downside.
The adjustment in price target by UBS is minor, suggesting only a slight change in valuation. As the rating remains Neutral, it does not imply a significant change in the company's outlook, which may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100