Freeport-McMoran (FCX) Tops Q3 EPS by 8c

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Deutsche Bank Downgrades Freeport-McMoRan (FCX) to Hold

October 22, 2021 6:47 AM EDT

Deutsche Bank analyst Abhi Agarwal downgraded Freeport-McMoRan (NYSE: FCX) from Buy to Hold with a price target of $43.00 (from $46.00).

The analyst commented, "We downgrade FCX to HOLD (from BUY) post the recent outperformance (stock is up 18% MTD and 48% YTD). While the outlook... More