Zacks Investment Research downgraded shares of MCMORAN EXPLOR (MMR) from OUTPERFORM to NEUTRAL on June 19, 2012, with a target price of $10.80.
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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