Buy Freeport-McMoRan on expected recovery from mine disaster, UBS says
Freeport-McMoRan is likely to rebound from an environmental disaster last month at its giant Grasberg mine in Indonesia that led the copper-and-gold producer to cut its production estimates, according to UBS. The investment bank upgraded Freeport to buy from neutral in a report out Thursday, raising its 12-month price target on the stock to $48…