Analysts Have Conflicting Sentiments on These Materials Companies: IGO (OtherIPGDF) and Freeport-McMoRan (FCX)
Analysts have been eager to weigh in on the Materials sector with new ratings on IGO (IPGDF – Research Report) and Freeport-McMoRan (FCX – Research Report).
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IGO (IPGDF)
In a report released yesterday, Mitch Ryan from Jefferies maintained a Sell rating on IGO, with a price target of A$6.20. The company’s shares closed last Tuesday at $5.76.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of
IGO has an analyst consensus of Hold, with a price target consensus of $5.62, which is a -2.4% downside from current levels. In a report issued on February 5, Morgan Stanley also maintained a Sell rating on the stock with a A$7.50 price target.
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Freeport-McMoRan (FCX)
In a report released today, Orest Wowkodaw from Scotiabank maintained a Buy rating on Freeport-McMoRan, with a price target of $72.00. The company’s shares closed last Thursday at $62.57.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of
Freeport-McMoRan has an analyst consensus of Strong Buy, with a price target consensus of $62.25, a 1.3% upside from current levels. In a report issued on February 13, Argus Research also upgraded the stock to Buy.
