Freeport-McMoRan's copper production slips in Indonesia; shares fall
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Jefferies Downgrades Freeport-McMoRan (FCX) to Hold
January 23, 2025 4:35 PM ESTJefferies analyst Christopher LaFemina downgraded Freeport-McMoRan (NYSE: FCX) from Buy to Hold with a price target of $40.00 (from $48.00).
The analyst comments "In light of ongoing challenges in Indonesia, the impact of higher capex on our FCF and NPV estimates, and our... More
