Freeport-McMoran (FCX) Tops Q1 EPS by 13c

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Freeport-McMoRan (FCX) PT Lowered to $56 at BMO Capital

April 21, 2022 1:54 PM EDT

BMO Capital analyst David Gagliano lowered the price target on Freeport-McMoRan (NYSE: FCX) to $56.00 (from $62.00) while maintaining an Outperform rating following earnings.

The analyst commented, "Following 1Q'21 results/outlook, we are lowering estimates and the target price to $56. Primary change... More