UPDATE: Goldman Sachs Downgrades Freeport-McMoRan on Strong Growth Projects
November 26, 2013 at 10:56 AM EST
In a report published Tuesday, Goldman Sachs analyst Sal Tharani downgraded the rating on Freeport-McMoRan Copper & Gold (NYSE: FCX ) from Buy to Neutral, but raised the price target from $36.00 to $37.00. In the report, Goldman Sachs noted, “We downgrade FCX to Neutral from Buy, as the stock