UBS Upgrades Freeport-McMoRan to Buy, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Major has upgraded Freeport-McMoRan (NYSE:FCX) from Neutral to Buy and increased the price target from $54 to $55.
September 04, 2024 | 2:02 pm
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UBS has upgraded Freeport-McMoRan to Buy and increased its price target to $55, indicating a positive outlook on the stock.
The upgrade from Neutral to Buy by UBS suggests increased confidence in Freeport-McMoRan's future performance. The raised price target to $55 indicates a positive short-term outlook, likely leading to increased investor interest and potential stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100