JP Morgan Raises Price Target for FCX to $58; Maintains Overweight Rating

JP Morgan raised its price target for Freeport-McMoRan (FCX) to $58, maintaining an "Overweight" rating. The increase of 16% reflects continued confidence in FCX's market performance. The analyst rating sequence highlights a mixed sentiment, with recent actions showing increased optimism towards the stock's valuation potential. FCX owns stakes in 10 copper mines and is one of the world's largest copper miners by volume. The average target price for FCX is $48.10, with a high estimate of $58.00 and a low estimate of $27.67.