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Stock Market & Financial Investment News

News Breaks
December 6, 2012
06:18 EDTFCXFreeport McMoRan downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Freeport McMoRan (FCX) citing increased leverage and earnings dilution from the company's acquisitions of Plains Exploration (PXP) and McMoRan Exploration (MMR). The firm lowered its price target for shares to $35 from $46.
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September 22, 2014
07:13 EDTFCXMorgan Stanley not a buyer of Freeport McMoRan and Teck Resources
Morgan Stanley said mining stocks fell on weakn China FAI and IP data and would not be a buyer of Freeport McMoRan (FCX) and Teck Resources (TCK) until there are indications of a demand rebound. Shares of Freeport McMoRan and Teck Resources are both Equal Weight rated.
September 11, 2014
08:39 EDTFCXFreeport McMoRan to purchase non-core assets from Quaterra for $5M
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