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.

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