MCMORAN EXPLOR (MMR) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of MCMORAN EXPLOR (MMR) from NEUTRAL to OUTPERFORM on February 20, 2012, with a target price of $15.20.

McMoRan Exploration Company is engaged in the exploration, development and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region, and in the mining, purchasing, transporting, terminaling, processing and marketing of sulfur.

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