B of A Securities Upgrades Freeport-McMoRan to Buy, Announces $59 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lawson Winder upgrades Freeport-McMoRan (NYSE:FCX) from Neutral to Buy and sets a $59 price target.

April 09, 2024 | 11:43 am
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Freeport-McMoRan upgraded to Buy from Neutral by B of A Securities with a new price target of $59.
Upgrades by major analysts typically lead to positive short-term price movement as they reflect a positive outlook on the company's future performance. The new price target of $59 suggests a significant upside potential from current levels, likely attracting investor interest and driving up the stock price in the short term.
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