Earnings, bank shares propel S&P 500 to record high

Freeport-McMoRan (FCX) PT Raised to $22 at Cowen; Reiterates Outperform

Cowen raised its price target on Freeport-McMoRan (NYSE: FCX) to $22.00 (from $20.00) while maintaining a Outperform rating. FCX reported 2Q adjusted EPS of 17¢, missing the consensus estimate of 20¢.

CEO Richard Adkerson spoke positively regarding discussions with the Indonesian government, stating that both parties have expressed an objective for a near-term resolution.

Freeport-McMoRan (FCX) PT Raised to $13 at FBR Capital; Reiterates Market Perform

FBR Capital raised its price target on Freeport-McMoRan (NYSE: FCX) to $13.00 (from $12.00) while maintaining a Market Perform rating following the company's 2Q. FCX reported 2Q adjusted EPS of $0.17, missing the consensus estimate of $0.20.

On the operating side, the company performed below consensus expectations... More

Caterpillar (CAT) PT Raised to $135 at BofA/Merrill Lynch; Reiterates Buy

BofA/Merrill Lynch raised its price target on Caterpillar (NYSE: CAT) to $135.00 (from $120.00) while maintaining a Buy rating. Caterpillars flexible workforce increased by 3,800 employees in Q2, up 30% QoQ, to help meet higher production volumes. Mining demand continues to improve, with orders... More

McDonald's (MCD) PT Raised to $160 at UBS

UBS raised its price target on McDonald's (NYSE: MCD) to $160.00 (from $143.00) while maintaining a Neutral rating following the company's 2Q earnings report. MCD reported 2Q EPS of $1.70, ahead of the consensus estimate of $1.62.

UBS raised 2017 EPS estimates to $6.58. 2018 estimates were also raised to... More

3M (MMM) PT Lowered to $209 at RBC Capital Following 2Q

RBC Capital lowered its price target on 3M (NYSE: MMM) to $209.00 (from $210.00) while maintaining a Sector Perform rating following the company's 2Q and price decline. Analyst Deane Dray highlighted that 3Ms -30 bps pricing decline in 2Q17 was far more innocuous and contained, attributable... More

McDonald's (MCD) PT Raised to $170 at Mizuho Securities Following 2Q

Mizuho Securities raised its price target on McDonald's (NYSE: MCD) to $170.00 (from $168.00) while maintaining a Buy rating following the company's 2Q earnings report. McDonald's beat EPS estimates by $0.15, driven by better top line, better overall restaurant margins, lower SG&A, gain on sales from... More