UPDATE: Wellington Shields Initiates Coverage on Freeport-McMoRan on Solid Long-Term Fundamentals, Attractive Valuation
October 03, 2013 at 12:02 PM EDT
In a report published Thursday, Wellington Shields & Co. analyst Kuni Chen initiated coverage on Freeport-McMoRan Copper & Gold (NYSE: FCX ) with a Buy rating and $41.00 price target. In the report, Wellington Shields & Co. noted, “After a tough year, copper & gold volume should recover in 2014.