Scotiabank lowered the firm’s price target on Freeport-McMoRan (FCX) to $45 from $48 and keeps a Sector Perform rating on the shares. The company reported relatively in-line Q4 results, but also provided three-year operating guidance was below its expectations, the analyst tells investors. Overall, the firm views this update as negative for the shares.
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Read More on FCX:
- Freeport-McMoRan price target lowered to $50 from $54 at BMO Capital
- Freeport-McMoRan Reports Strong 2024 Financial Results
- Freeport-McMoRan downgraded to Hold from Buy at Jefferies
- Freeport-McMoRan says ‘not interested’ in engaging in any M&A bidding process
- Freeport-McMoRan says will continue to deploy capital to ‘build long-term value’