New Buy Rating for Freeport-McMoRan (FCX), the Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Freeport-McMoRan (FCX) with an $80 price target. This follows a Buy from Barclays and contrasts with Bernstein's Hold rating. The report highlights Profiti's strong track record in the Basic Materials sector.
Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Freeport-McMoRan today and set a price target of $80.00.
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M. Profiti covers the Basic Materials sector, focusing on stocks such as Hemlo Mining, Equinox Gold, and Ero Copper. According to TipRanks, M. Profiti has an average return of 12.6% and a 43.78% success rate on recommended stocks.
In addition to Stifel Nicolaus, Freeport-McMoRan also received a Buy from Barclays’s Richard Garchitorena in a report issued on July 16. However, on July 15, Bernstein maintained a Hold rating on Freeport-McMoRan (NYSE: FCX).