Freeport-McMoRan (FCX) had their price target raised on them by UBS (NYSE:USB), while having a "Buy" rating from them reiterated.
UBS especially likes their exposure to molybdenum, and secondarily gold and copper.
"We have revised our 2011 EPS estimate slightly from $8.06 to $8.63 to reflect slightly higher moly production at Henderson and a slightly lower tax rate," said UBS.
Freeport closed Friday at $86.61, adding $2.38, or 2.83 percent.
UBS raised their price target from $84 to $97.
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