Analysts fell to the sidelines weighing in on Freeport-McMoRan (FCX – Research Report) and Alcoa (AA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Freeport-McMoRan (FCX)
Citi analyst Alexander Hacking maintained a Hold rating on Freeport-McMoRan yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $49.82, close to its 52-week high of $52.42.
According to TipRanks.com, Hacking is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freeport-McMoRan with a $50.73 average price target, which is a 0.5% upside from current levels. In a report issued on April 2, RBC Capital also maintained a Hold rating on the stock with a $55.00 price target.
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Alcoa (AA)
In a report released today, Lawson Winder from Bank of America Securities reiterated a Hold rating on Alcoa, with a price target of $40.00. The company’s shares closed last Wednesday at $35.55.
According to TipRanks.com, Winder is a 3-star analyst with an average return of
Alcoa has an analyst consensus of Hold, with a price target consensus of $31.33.
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