Scotiabank lowered the firm’s price target on Freeport-McMoRan to $47 from $48 and keeps an Outperform rating on the shares post the Q3 report. The company reported better than anticipated results and it updated three-year operating guidance was essentially unchanged, the analyst tells investors in a research note.
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- Freeport-McMoRan says Indonesia smelter commissioning expected in 2024
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