Citi Downgrades Freeport-McMoRan (FCX) to Neutral

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Freeport-McMoRan (FCX) Acquisitions 'Not' Diversification Play

December 7, 2012 2:35 PM EST

This week Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) investors were stunned by a surprise $9 billion acquisition of Plains Exploration & Production Company (NYSE: PXP) and McMoRan Exploration Co. (NYSE: MMR). The fact that these are oil and gas companies makes... More

Goldman Sachs Downgrades Freeport-McMoRan (FCX) to Neutral

December 6, 2012 6:49 AM EST

Goldman Sachs downgraded Freeport-McMoRan (NYSE: FCX) from Buy to Neutral with a price target of $38.00 (from $46.00) following yesterday's takeovers of Plains Exploration and McMoRan Exploration.

For an analyst ratings summary and ratings history on Freeport-McMoRan... More

Macquarie Downgrades Freeport-McMoRan (FCX) to Neutral

December 6, 2012 6:47 AM EST

Macquarie downgraded Freeport-McMoRan (NYSE: FCX) from Outperform to Neutral following yesterday's takeovers of Plains Exploration and McMoRan Exploration.

For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more ratings news on Freeport-McMoRan click here.

Shares of Freeport-McMoRan closed at $32.16 yesterday, with a 52 week range of $31.08-$48.96.... More

BMO Capital Downgrades Freeport-McMoRan (FCX) to Market Perform

December 6, 2012 6:46 AM EST

BMO Capital downgraded Freeport-McMoRan (NYSE: FCX) from Outperform to Market Perform following yesterday's takeovers of Plains Exploration and McMoRan Exploration.

For an analyst ratings summary and ratings history on Freeport-McMoRan click here. For more... More

RBC Capital Downgrades Freeport-McMoRan (FCX) to Sector Perform

December 6, 2012 6:45 AM EST