Citi Downgrades Freeport-McMoRan (FCX) to Neutral

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Go back to Citi Downgrades Freeport-McMoRan (FCX) to Neutral

Freeport-McMoRan (FCX) is a Buy, But Copper Must Bottom First - Jefferies

July 14, 2022 8:29 AM EDT

Jefferies analyst Christopher LaFemina reiterated a Buy rating and $55.00 price target on Freeport-McMoRan (NYSE: FCX), saying they see long-term value but cooper must bottom first.

The analyst commented, "We expect the copper price to go somewhat lower over the next... More