Is Freeport-McMoRan's US-Based Footprint An Advantage? Analyst Upgrades Stock Amid Copper Import Tariff Risk

On Thursday, J.P. Morgan analyst Bill Peterson upgraded Freeport-McMoRan, Inc. FCX to an Overweight rating from Neutral and raised the price forecast to $52 from$48.The bullish stance reflects the analyst’s view that tariff-related factors will sustain premium pricing for the company’s U.S.-based operations, alongside long-term supply constraints that support a strong pricing environment across the industry.Since President Trump’s February 25 announcement that the Department of Commerce would assess whethe ...