Scotiabank Maintains Sector Perform on Freeport-McMoRan, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Perform rating on Freeport-McMoRan (NYSE:FCX) but lowers the price target from $53 to $52.
October 23, 2024 | 5:46 pm
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NEUTRAL IMPACT
Scotiabank has maintained its Sector Perform rating on Freeport-McMoRan but has slightly lowered the price target from $53 to $52, indicating a modestly less optimistic outlook.
The maintenance of the Sector Perform rating suggests a neutral stance, while the slight reduction in the price target indicates a minor adjustment in expectations. This is unlikely to cause significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100