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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- Freeport-McMoRan price target raised to $43 from $42 at Raymond James
