Form 8-K FREEPORT-MCMORAN INC For: Jan 23

Go back to Form 8-K FREEPORT-MCMORAN INC For: Jan 23

Jefferies Downgrades Freeport-McMoRan (FCX) to Hold

January 23, 2025 4:35 PM EST

Jefferies 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