Morgan Stanley Upgrades Freeport-McMoRan To Overweight

Morgan Stanley upgraded

from undefined to Overweight. The price target for Freeport-McMoRan is set to $29. Freeport-McMoRan shares have dropped 36.64 percent over the past 52 weeks, while the S&P 500 index has surged 12.28 percent in the same period. Freeport-McMoRan shares rose 1.97 percent to $22.25 in pre-market trading.