Argus raised the firm’s price target on Freeport-McMoRan to $44 from $38 and keeps a Buy rating on the shares. The company has recently topped consensus estimates with its Q4 earnings, and the firm expects copper demand to remain elevated over the intermediate term given global growth in electrification initiatives, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FCX: