Canaccord Upgrades Freeport McMoRan (FCX) to Buy

June 30, 2009 10:28 AM EDT

Canaccord Adams upgrades Freeport McMoRan (NYSE: FCX) from Hold to Buy.

Traders are cheering the upgrade today, although the stock is now sitting at session lows. After trading up as much as 2.7%, shares of Freeport are currently at $50.76, up about 0.8% from yesterday's close.

To see all the market-moving analyst upgrades/downgrades on Freeport, visit our Analyst Ratings page.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources.


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