Freeport McMoRan downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Freeport due to its strategy shift towards a developing energy company from a copper pure play and increased spending needs. Price target lowered to $38 from $51.
News For FCX From The Last 14 Days
Check below for free stories on FCX the last two weeks.
Freeport McMoRan cuts Grasberg mine workforce 'modestly,' WSJ reports Freeport-McMoRan has "modestly" cut the workforce at its Grasberg mine, CEO Richard Adkerson tells the Wall Street Journal. The cuts come as a tax dispute with Indonesia's government drags on. Reference Link