Argus Downgrades Freeport-McMoRan (FCX) to Hold

Argus downgraded Freeport-McMoRan (NYSE: FCX) from Buy to Hold on a weak near term outlook.

The analyst believes that FCX could fall toward $3.50 if commodity prices continue to trend lower over the next few months.

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 $4.35 yesterday.

You May Also Be Interested In

• Freeport-McMoRan (FCX) PT Lowered to $53 at Scotiabank
• Piper Sandler Downgrades Peapack-Gladstone Financial (PGC) to Neutral
• Piper Sandler Downgrades Independent Bank Group (IBTX) to Underweight, 'Expectations of Slower NII Recovery'