JPMorgan analyst Bill Peterson raised the firm’s price target on Freeport-McMoRan to $43 from $42 and keeps a Neutral rating on the shares ahead of the Q4 report. The analyst revised Q4 estimates lower for Freeport to account for provisional pricing adjustments and a lower realized copper price. However, the firm cries an updated forward curve pricing for the target bump.
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Read More on FCX:
- Options Volatility and Implied Earnings Moves This Week, January 22 – January 26, 2024
- Freeport-McMoRan, Inc. (FCX) Q4 Earnings Cheat Sheet
- Freeport-McMoRan initiated with a Neutral at UBS
- Freeport-McMoRan upgraded to Outperform from Market Perform at Bernstein
- Freeport-McMoRan price target raised to $43 from $42 at Raymond James
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