Morgan Stanley Maintains Overweight on Freeport-McMoRan, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Freeport-McMoRan (NYSE:FCX) but lowers the price target from $60 to $58.
September 19, 2024 | 5:43 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on Freeport-McMoRan but has lowered the price target from $60 to $58, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Freeport-McMoRan's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100