Phelps Dodge Downgraded By Analyst With Great Track Record On Stock (PD)

Feb.13.06 | About: Phelps Dodge (PD)

Copper miner Phelps Dodge (PD) was downgraded at Prudential on Friday from Overweight to Neutral. By BARR calculations, the Prudential analyst has had the best calls on the stock over the last year (he has had a buy on the stock the entire time). The stock traded down on Friday nearly $10 from Thursday's close, but part of that is due to a $4 special cash dividend that went ex.

Here are Prudential's calls on the stock since the beginning of 2005: