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Canaccord Upgrades Freeport McMoRan (FCX) to Buy

June 30, 2009 10:28 AM EDT
FCX Hot Sheet
Rating Summary:
    16 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 16 | New: 82
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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