JP Morgan Maintains Neutral on Freeport-McMoRan, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains a Neutral rating on Freeport-McMoRan (FCX) and raises the price target from $43 to $52.
April 17, 2024 | 2:57 pm
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JP Morgan analyst Bill Peterson maintains a Neutral rating on Freeport-McMoRan and raises the price target from $43 to $52.
The increase in the price target from $43 to $52 by JP Morgan suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for both upside and downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100