FREEPORT-McMoRAN INC. RATING RESTORED TO OVERWEIGHT MODELED “NO ASSET SALES;” TARGET & ESTIMATES SHAVED ON PRICES; FMOG OF DECLINING SIGNIFICANCE 08/4/2015

FREEPORT-McMoRAN INC. RATING RESTORED TO OVERWEIGHT MODELED “NO ASSET SALES;” TARGET & ESTIMATES SHAVED ON PRICES; FMOG OF DECLINING SIGNIFICANCE 08/4/2015