Barclays Maintains Overweight on Freeport-McMoRan, Raises Price Target to $83
Barclays analyst Richard Garchitorena maintains Freeport-McMoRan (NYSE:FCX) with a Overweight and raises the price target from $82 to $83.
Stocks · News reference
Filed: 2026-10-02 AccNo: 0000831259-26-000043 Size: 1 MB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Barclays analyst Richard Garchitorena maintains Freeport-McMoRan (NYSE:FCX) with a Overweight and raises the price target from $82 to $83.
AI industry growth is driving massive demand for copper due to expanding data center infrastructure and electrification needs. S&P Global predicts a surge in copper demand over coming decades, with copper prices already up 36% in the last 12 months. Investors can gain exposure through copper mining stocks, copper miner ETFs, or direct copper commodity ETFs.