Keep an eye on Freeport-McMoRan (FCX).
Just this morning, UBS upgraded the stock to a buy rating with a price target of $55. All thanks to its exposure to copper and the growing demand for renewable energy sources.
“We believe the fundamental outlook for copper remains compelling & positioning is cleaner after the 3Q price correction. FCX is the most liquid copper pure play with high correlation and offers beta to copper upside,” added the firm.