Miner Freeport-McMoRan will benefit from Trump copper tariffs, says Morgan Stanley

Miner Freeport-McMoRan will benefit from Trump copper tariffs, says Morgan Stanley

Freeport-McMoRan might be positioned for meaningful gains thanks to President Donald Trump’s copper tariffs, according to Morgan Stanley. The bank upgraded the mining stock to overweight from equal weight but cut its price target to $48 from $54. That updated target implies more than 14% upside from Friday’s close. In late July, Trump signed an…

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Nike gets an upgrade from RBC, which says organizational and product refresh will boost stock

Nike gets an upgrade from RBC, which says organizational and product refresh will boost stock

Nike shares will do well as the athletic apparel brand refreshes its product offerings and organizational structure, RBC told clients on Thursday. The bank upgraded Nike to outperform from sector perform. It raised the stock’s price target to $90 from $76, implying 24% upside. RBC pointed to Nike CEO Elliott Hill’s overhaul this year of…

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