FBR Capital (FBCM) Raises Freeport Mcmoran (FCX) Target to $87 from $69
FBR (NASDAQ: FBCM) raised its target on Freeport (NYSE: FCX). This is to reflect increased copper price forecasts. FBR expects Freeport to raise its 2010 copper sales guidance following recent improvement in leading economic indicators and reiterates an Outperform rating on the stock.
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Posted-In: Upgrades
