Citigroup (NYSE:C) Drops Freeport (NYSE:FCX) from Recommend List, Adds Potash (NYSE:POT)

Citigroup (NYSE:C) dropped Freeport-McMoRan (NYSE:FCX) from its recommended list, while adding Potash Corp. (NYSE:POT) to the list.

Interestingly, while Citigroup was dropping Freeport-McMoRan from their list, Argus Research was adding them. Argus recently raised the rating of Freeport to a "Buy," and set a price target of $113 on them.

Freeport had been on a nice run over the last five trading days, but dropped along with the price of silver and gold Tuesday as the U.S. dollar strengthened and traders took some profits.

Freeport closed Tuesday at $102.65, losing $2.63, or 2.50 percent. Potash went in the other direction, ending the day at $141.37, gaining $0.53, or 0.38 percent.