Freeport-McMoRan (FCX) 'Oversold' - Nomura
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Goldman Sachs Lowers EPS Estimates on Freeport-McMoRan (FCX)
June 25, 2013 5:41 PM EDTGoldman Sachs today maintained a Buy rating on Freeport-McMoRan (NYSE: FCX) and lowered its price target to $35.00 (from $38.00). Analysts trimmed 2013/2014 EPS estimates to $2.49/$3.35 from $3.45/$3.80. The change reflects lower copper and gold price forecasts. Q213 EPS was trimmed to $0.33 down from $0.55.
"Despite lower... More
