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Procter & Gamble, Freeport-McMoRan, Columbia Banking And A Major Retailer On CNBC's 'Final Trades'

Benzinga ·  05:38

On CNBC's "Halftime Report Final Trades," Sarat Sethi of DCLA said he likes Freeport-McMoRan Inc. (NYSE:FCX).

On Oct. 22, Freeport-McMoRan reported third-quarter FY24 results. Revenue stood at $6.79 billion, beating the consensus of $6.47 billion. Copper sales totaled 1.0 billion pounds, down 7% Y/Y and 2% above the July 2024 estimate, due to the timing of shipments and lower ore grades and operating rates in North America.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Columbia Banking System, Inc. (NASDAQ:COLB) has a 5.3% dividend yield.

On Dec. 17, UBS analyst Nicholas Holowko assumed Columbia Banking System with a Neutral rating and announced a price target of $32.

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Kevin Simpson of Capital Wealth Planning named The Procter & Gamble Company (NYSE:PG), which has a 2.5% dividend yield.

Procter & Gamble will webcast a discussion of its second quarter earnings results on Jan. 22, 2025. Analysts expect the company to report quarterly earnings at $1.88 per share on revenue of $21.74 billion.

Stephanie Link of Hightower Advisors named Target Corporation (NYSE:TGT) as her final trade.

On Dec. 20, Stifel analyst Mark Astrachan maintained Target with a Hold and raised the price target from $137 to $145.

Price Action:

  • Freeport-McMoRan shares gained by 1.6% to close at $38.86 on Friday.
  • Columbia Banking shares gained 3% to close at $27.19 during Friday's session.
  • Procter & Gamble shares fell by 0.7% to settle at $168.06 on Friday.
  • Target gained by 0.8% to settle at $131.48 during Friday's session.
  • Jim Cramer Likes Walmart, Recommends Buying This 'Very, Very Good' Financial Stock

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