Freeport-McMoRan (NYSE:FCX – Get Free Report) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat reports. The firm presently has a $48.00 price target on the natural resource company’s stock. Clarkson Capital reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Freeport-McMoRan in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock valued at $1,315,000 after purchasing an additional 245 shares in the last quarter.