Scotiabank Maintains Sector Outperform on Freeport-McMoRan, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on Freeport-McMoRan (NYSE:FCX) but lowers the price target from $60 to $58.
July 24, 2024 | 3:32 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on Freeport-McMoRan but lowers the price target from $60 to $58.
The maintained Sector Outperform rating is positive, but the lowered price target may temper investor enthusiasm. Overall, the impact is neutral as the positive rating balances the slight reduction in price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100