Freeport-McMoRan price target raised to $41 from $32 at UBS

UBS analyst Andreas Bokkenheuser raised the firm’s price target on Freeport-McMoRan to $41 from $32 and keeps a Neutral rating on the shares. The firm’s China Copper Demand Projector estimates demand will decline -5% on average through April from down -4% in December, the analyst tells investors in a research note. Disruptions are temporary with Peruvian roadblocks reportedly easing, while West Papua rains usually decline from a March peak, the firm says.