Morgan Stanley Upgrades Freeport-McMoRan to Overweight, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Freeport-McMoRan (NYSE:FCX) from Equal-Weight to Overweight and raised the price target from $49.5 to $62.
June 21, 2024 | 9:12 am
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Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan (NYSE:FCX) from Equal-Weight to Overweight and increased the price target from $49.5 to $62.
The upgrade from Equal-Weight to Overweight and the significant increase in the price target from $49.5 to $62 by a reputable analyst at Morgan Stanley is likely to positively impact investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100