FCX Crosses Above Average Analyst Target
December 13, 2017 at 08:34 AM EST
In recent trading, shares of Freeport-McMoRan Inc (FCX) have crossed above the average analyst 12-month target price of $15.15, changing hands for $15.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..