Freeport-McMoran (FCX) Tops Q3 EPS by 3c

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Freeport-McMoRan (FCX) PT Raised to $16 at Stifel on 3Q Report; 'Higher Copper Pricing Lifts 3Q Results & Outlook for 2018'

October 26, 2017 2:36 PM EDT

Stifel raised its price target on Freeport-McMoRan (NYSE: FCX) to $16.00 (from $15.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Paul Forward comments, " The beat reflected stronger pricing in copper and gold vs. our estimates, offset by weaker-than-expected... More