Scotiabank Maintains Sector Perform on Freeport-McMoRan, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Perform rating on Freeport-McMoRan (NYSE:FCX) and raises the price target from $52 to $53.
October 08, 2024 | 7:27 pm
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POSITIVE IMPACT
Scotiabank has maintained its Sector Perform rating on Freeport-McMoRan and slightly increased the price target from $52 to $53, indicating a modestly positive outlook.
The increase in the price target from $52 to $53 by Scotiabank suggests a slightly more positive outlook on Freeport-McMoRan's stock performance. Maintaining the Sector Perform rating indicates that the stock is expected to perform in line with the market or sector average. This news is likely to have a modestly positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100