Morgan Stanley Reiterates Overweight on Freeport-McMoRan

Morgan Stanley reiterated its Overweight rating on Freeport-McMoRan FCX. At the moment, Morgan Stanley has a price target of $65 on the company's stock. On Wednesday, FCX lost 0.19% of its value to finish the day at $53.52. Its shares regained most of yesterday's losses in today's pre-market trading, however, after rising 0.15% to $53.60.