Morgan Stanley Sees Three Key Issues For Freeport-McMoRan Copper & Gold - Freeport-McMoRan (NYSE:FCX)

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In a report published Friday, Morgan Stanley analyst Paretosh Misra reiterated an Overweight rating and $43.00 price target on

27% profit every 20 days?

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Freeport-McMoRan Copper & Gold

(NYSE: FCX).In the report, Morgan Stanley noted, “FCX shares have lagged copper peers by ~12 pct. pts. YTD, pricing an overly bearish view. We think FCX will share smelter capex costs with partners, the CoW should lower export duty impact, and divestment may mitigate risk to contract renewal.”Freeport-McMoRan Copper & Gold closed on Thursday at $33.67.