Argus upgrades Freeport-McMoRan stock rating to Buy on copper demand
Argus has upgraded its rating for Freeport-McMoRan (NYSE:FCX) from Hold to Buy, setting a price target of $72, citing the mining company's strengthened balance sheet and anticipated strong demand for copper. The firm expects Freeport-McMoRan to benefit from increased electrification, AI build-out, and energy transition initiatives. This upgrade follows a period of higher highs and higher lows for FCX shares since November 2025 and solid fourth-quarter 2025 earnings that surpassed expectations.
https://in.investing.com/news/analyst-ratings/argus-upgrades-freeportmcmoran-stock-rating-to-buy-on-copper-demand-93CH-5239810