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9 pts

Opinion on  FreeportMcMoRan Copper & Gold Inc (FCX)     Sector: Basic Materials  >  Industry: Metal Mining
Bullish on FCX ...

Jul 19, 2008 12:12 PM UTC
11235
Return Risk
-1.03% LOW
Sr. Associate

 

A strong metals maker, it is a prime candidate for Vale and Rio to add to its copper and molybdenum exposure in the middle of a global infrastructure boom.  Options expiration week has created profit-taking, which is now a buying opportunity, as the sector trend continues.

 

UBS made a statement, which can be found here:

 

http://www.streetinsider.com/Analyst+Comments/UPDATE%3A+UBS+T...

 


FCX:  This call was made on 07/19/08 @ $103.24
Rating:   Positive   $103.24 (07/19/08)
Closed:   07/22/2008 @ $103.36 (+0.12% in 3 days)
Target:   $147.00 (+42.39%) in Six months


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thebigkill previously rated FCX
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