Freeport McMoRan weakness would be buying opportunity, says Cowen Cowen believes Freeport McMoRan (FCX) will need to increase its bid for Plains Exploration & Production (PXP) in order to obtain a favorable shareholder vote. The higher bid may cause near-term weakness in Freeport which would create a buying opportunity. Shares of Freeport are Buy rated with a $45 price target.
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