Citigroup (NYSE:C) Drops Freeport (NYSE:FCX) from "Top Picks Live" List

Citigroup (NYSE:C) cut Freeport-McMoRan (NYSE:FCX) from its “Top Picks Live” list, citing recent valuation. Increase in copper and gold prices has pushed the stock up to levels that Citigroup seems to think are unsustainable, as the share price of Freeport drop in response. Even so, Citi is maintaining a “Buy” on the firm, saying “the company’s growth prospects, discounted valuation relative

More:
Citigroup (NYSE:C) Drops Freeport (NYSE:FCX) from "Top Picks Live" List

Tags: , , , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *