Raymond James Maintains Outperform on Freeport-McMoRan, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian MacArthur has maintained an 'Outperform' rating on Freeport-McMoRan (NYSE:FCX) and raised the price target from $55 to $57.
October 23, 2024 | 4:32 pm
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Raymond James has reaffirmed its 'Outperform' rating for Freeport-McMoRan and increased the price target to $57, indicating confidence in the company's future performance.
The increase in price target from $55 to $57 by Raymond James suggests a positive outlook on Freeport-McMoRan's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which could lead to increased investor interest and a potential rise in stock price.
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IMPORTANCE 80
RELEVANCE 100