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Actionable news in FCX: FreePORT-MCMORAN Inc,

Freeport-McMoRan Upgraded To 3.5 Star Stock By Vetr Top Raters

Shares of Freeport-McMoRan Inc (NYSE: FCX) tumbled 6.5 percent over the past week. However, the stock is still up about 42 percent year-to-date.

Following the most recent decline in the stock price, the Vetr crowd seems to believe the stock has some upside potential. Top raters at the Vetr community decided to upgrade the stock’s rating from 3.0 Stars to 3.5 Stars - out of a possible 5.0 Star rating.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

The crowd has established a consensus price target of $9.80, which implies an upside of almost 4 percent from current stock prices.

However, it should be noted that 55 percent of the crowd's ratings are bearish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.