Morgan Stanley Lowered Its 2011 EPS Estimate For Freeport-McMoRan, Maintained Its OW Rating (FCX)

Morgan Stanley lowered its 2011 EPS estimate for Freeport-McMoRan (NYSE:FCX) and maintained its overweight rating and $65 price target. The bank now sees 2011 EPS of $6.29, down from $6.54 per share. Freeport-McMoRan has a potential upside of 20.8% based