BUZZ-Citigroup raises Freeport-McMoRan PT on higher copper prices
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Brokerage Citigroup raises PT on copper miner Freeport-McMoRanto $67 from $48New PT represents an upside of 18.5% to stock’s last closeBrokerage expects miner’s fourth-quarter earnings to be positive, helped by rising copper prices; estimates quarterly core profit at $1.2 billionAdds results could also be a little volatile given the Grasberg closure and re-startIn 2025, FCX gained 34%
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