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Freeport McMoran, Dynegy both cut to Sell at Deutsche Bank

Oct. 17, 2017 2:57 PM ETFreeport-McMoRan Inc. (FCX) StockFCX, DYN-OLD2By: Carl Surran, SA News Editor36 Comments
  • Deutsche Bank is out today with two downgrades to Sell: Freeport McMoRan (FCX -2.3%) is cut to Sell from Hold with an unchanged $13 price target, as the firm sees an unfavorable risk/reward profile due to valuation and continued uncertainty at the Grasberg mine in Indonesia.
  • Deutsche Bank also downgrades Dynegy (DYN -3.3%) to Sell with a price target cut to $7 from $10, as the firm believes the stock's recent rally prices in expectations for an acquisition and leaves little room for disappointment.

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