Argus Downgrades Freeport-McMoRan (FCX) to Hold

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Go back to Argus Downgrades Freeport-McMoRan (FCX) to Hold

Freeport-McMoRan (FCX) Sell-Off 'Overdone' - Goldman

April 22, 2013 8:08 AM EDT

Goldman Sachs today reiterated a Buy rating on Freeport-McMoRan (NYSE: FCX) and trimmed its price target to $38.00 (from $42.00). While the bank lowered its copper forecast, analyst Sal Tharani said the sell-off in Freeport-McMoRan looks "overdone."

"Our global commodity research team has lowered its... More