FREEPORT-McMoRAN COPPER AND GOLD (FCX $33.91, rated Overweight, price target raised from $60 to $72) HIGHER ESTIMATED MID-TERM COPPER OUPTUT AND LONG TERM OIL AND GAS OUTPUT INCREASE CASH FLOW; HIGHER DEPRECIATION CUTS EARNINGS WHILE INCREASING NPV VIA LESS TAXES 5/12/2014
FREEPORT-McMoRAN COPPER AND GOLD (FCX $33.91, rated Overweight, price
target raised from $60 to $72) HIGHER ESTIMATED MID-TERM COPPER OUPTUT
AND LONG TERM OIL AND GAS OUTPUT INCREASE CASH FLOW; HIGHER
DEPRECIATION CUTS EARNINGS WHILE INCREASING NPV VIA LESS TAXES 5/12/2014