Scotiabank Maintains Sector Outperform on Freeport-McMoRan, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on Freeport-McMoRan (FCX) and raises the price target from $48 to $55.
April 09, 2024 | 2:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Scotiabank has maintained its Sector Outperform rating on Freeport-McMoRan and increased the price target from $48 to $55.
The upgrade in price target by a reputable analyst like Orest Wowkodaw from Scotiabank signals a strong confidence in Freeport-McMoRan's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100