Standpoint Research Upgrades Freeport-McMoRan (FCX) to Buy; Valuation Still Attractive
Get Alerts FCX Hot Sheet
Price: $48.95 --0%
Rating Summary:
21 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 13
Rating Summary:
21 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 13
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Standpoint Research upgraded Freeport-McMoRan (NYSE: FCX) from Hold to Buy with a price target of $48.00.
Standpoint analyst, Ronnie Moas, said, "Even though I think smart money may be selling the rally today, I do want to reinstate three names that came down hard since our downgrades and those names are FCX, Symantec (Nasdaq: SYMC) and Tempur Pedic Intl (NYSE: TPX). FCX was dropped at $42.56 on 28-Oct with a 30% gain and + 2000 bps versus the S&P-500 ... FCX is now trading < $36, 8X estimates for next year and 40% off the 52-week high."
For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more ratings news on Freeport-McMoRan click here.
Shares of Freeport-McMoRan closed at $33.82 yesterday.
Standpoint analyst, Ronnie Moas, said, "Even though I think smart money may be selling the rally today, I do want to reinstate three names that came down hard since our downgrades and those names are FCX, Symantec (Nasdaq: SYMC) and Tempur Pedic Intl (NYSE: TPX). FCX was dropped at $42.56 on 28-Oct with a 30% gain and + 2000 bps versus the S&P-500 ... FCX is now trading < $36, 8X estimates for next year and 40% off the 52-week high."
For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more ratings news on Freeport-McMoRan click here.
Shares of Freeport-McMoRan closed at $33.82 yesterday.
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