$FCX - On a watchlist. Posted as a few traders on this site have an interest in this name.Freeport McMoRan upgraded to Buy from Neutral at BofA/MerrillBofA/Merrill analyst Timna Tanners upgraded Freeport McMoRan to Buy from Neutral with a $14 price target. The analyst is looking past the company's "transition year" and expects its Grasberg asset to make a full contribution for copper and gold production. While copper prices have lagged, Tanners notes that there is support from labor disruptions in Peru and Chile, with added downside protection coming from the still relatively strong CTFC short position. $FCX, Freeport-McMoRan, Inc. / H1 Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page