Credit Suisse downgrades Freeport-McMoRan, says copper prices will turn south

A Freeport- McMoran Copper and Gold Inc. mine.
Source: Freeport-McMoran Copper & Gold Inc.

The copper market cooled off over the summer and that could be bad news for investors in Freeport McMoRan, according to Credit Suisse.

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls of the day: Tesla, Costco, GE, Plug Power, Facebook & more
CNBC ProJPMorgan predicts this under-the-radar streaming stock could rally more than 30%
CNBC ProUBS slashes FedEx earnings estimates, citing tight labor market, rising wages