Raymond James Maintains Outperform on Freeport-McMoRan, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian MacArthur maintains an Outperform rating on Freeport-McMoRan (FCX) and raises the price target from $49.5 to $54.
April 24, 2024 | 4:58 pm
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Raymond James maintains an Outperform rating on Freeport-McMoRan and raises the price target to $54.
The upgrade in the price target by a reputable analyst firm like Raymond James typically signals a positive outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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