Freeport-McMoran (FCX) Capex Cuts Seen Impacting Noble (NE), Rowan (RDC) - Evercore ISI
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Freeport-McMoRan (FCX) PT Cut to $13 - UBS
December 10, 2015 10:15 AM ESTUBS analyst, Brian Maca, cut the Freeport-McMoRan (NYSE: FCX) price target to $13 from $15.50 but maintained its Buy rating.
FCX has announced further capex and production cuts in both its mining and oil & gas businesses. In O&G, FCX now expects 2016 and 2017 capex to be $1.8B and $1.2B, respectively, from $2.0B... More
Freeport-McMoRan (FCX) PT Cut to $8 at FBR Capital Following Dividend Suspension, More Cuts
December 10, 2015 8:56 AM ESTFBR Capital maintained a Market Perform rating on Freeport-McMoRan (NYSE: FCX), and cut the price target to $8.00 (from $10.00), following dividend suspension. Freeport announced an immediate suspension of its $0.20/share annual dividend, with savings of ~$240M annually. FBR Capital believes that this announcement continues... More
