Morgan Stanley analyst Carlos De Alba lowered the firm’s price target on Freeport-McMoRan to $41 from $44 and keeps an Equal Weight rating on the shares. The firm is updating its estimates to include the latest company guidance following Q3 earnings and has marked-to-market commodity prices for Q4.
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- Freeport-McMoRan price target lowered to $47 from $48 at Scotiabank
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