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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Throughout June, several financial institutions raised their price targets for Freeport-McMoRan (FCX) while maintaining positive ratings. Scotiabank increased its target to $77, followed by BNP Paribas raising it to $82, and BMO Capital adjusting it to $78, all maintaining 'Outperform' ratings. Conversely, GuruFocus estimated the stock was 46.4% overvalued despite strong metrics, and other industry players like Newmont saw their price targets lowered by the same analysts during this period.