Dahlman Rose analysts say that while Freeport (FCX -13.8%) investors, who viewed the company as...

|By:, SA News Editor

Dahlman Rose analysts say that while Freeport (FCX -13.8%) investors, who viewed the company as a copper play, may look down on today's deal, the miner's balance sheet will better enable the expensive development of Plains' (PXP +25.2%) deepwater fields as well as McMoRan's (MMR +82.4%) Davy Jones prospect. The firm reiterates its Buy rating and $45 price target on FCX.