Freeport McMoRan (FCX) is upgraded to Buy from Hold at Deutsche Bank, which believes investors...

|By:, SA News Editor

Freeport McMoRan (FCX) is upgraded to Buy from Hold at Deutsche Bank, which believes investors will move past anger over FCX's big move into oil and gas to acceptance. The firm views the move as a leveraged financial play to engineer a higher growth rate with an exploration upside kicker on Gulf of Mexico assets. FCX +1.4% premarket.