Freeport McMoran (FCX) Message Board

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Gold/Mining/Energy : Freeport McMoran (FCX)

FCX 41.98

-0.5%

1:27 PM EDT

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To: Keith Feral who wrote (93)	4/16/2008 3:10:22 PM
From: Lynn	Read Replies (1) of 141

Yes, I just got a quote over at Yahoo! and then read the following article: 2:46pm 04/16/2008 FCX 112.11, +6.61, +6.3%) LONDON (MarketWatch) -- HSBC upgraded Freeport-McMoRan Copper & Gold Inc. (FCX:Freeport-McMoRan Copper & Gold Inc to overweight from neutral, citing valuation. The broker said rising copper prices over the last two years have pushed the shares up, but not as much as it expected. "Given the prevailing copper price, we believe Freeport can continue to aggressively pay down its debt, thereby significantly reducing its downside leverage to a decline in commodity prices." HSBC said [end] I just checked C before posting, and there's nothing new in the news or research columns for FCX. Lynn

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