Fly News Breaks for March 6, 2015
FCX
Mar 6, 2015 | 06:56 EDT
Macquarie has a more constructive view on copper pricing given reducing supply growth combined with China stimulating its economy. The firm believes Outperform rated Freeport-McMoran's 6% dividend yield will become more secure as copper markets and pricing stabilizes. Macquarie raised Freeport McMoRan estimates and increased its price target to $27 from $23 and recommends buying shares for improving 2H 2015 trends.
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