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Brean Capital Initiates Coverage On Freeport-McMoran Inc

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Brean Capital on Wednesday initiated coverage Freeport-McMoRan Inc (NYSE: FCX) with a Buy rating and $39 price target.

The firm cited strong cash flow generation and low cost structure as the reasons behind the Buy initiation.

Freeport-McMoRan Inc last traded at $31.30, down 1.8 percent.

Latest Ratings for FCX

DateFirmActionFromTo
Feb 2017Deutsche BankDowngradesHoldSell
Feb 2017JP MorganReinstatesOverweightNeutral
Nov 2016BerenbergDowngradesHoldSell

View More Analyst Ratings for FCX
View the Latest Analyst Ratings

Posted-In: Brean CapitalNews Price Target Initiation Analyst Ratings

 

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