FREEPORT-McMORAN COPPER AND GOLD (FCX $31.06, rated Overweight, price target raised from $48 to $53) HIGHER ESTIMATED NATURAL GAS AND CRUDE OIL PRICES SLIGHTLY OFFSET BY LOWER ESTIMATED MOLYBDENUM PRICES 5/30/2013

FREEPORT-McMORAN COPPER AND GOLD (FCX $31.06, rated Overweight, price
target raised from $48 to $53) HIGHER ESTIMATED NATURAL GAS AND CRUDE
OIL PRICES SLIGHTLY OFFSET BY LOWER ESTIMATED MOLYBDENUM
PRICES 5/30/2013