Freeport (FCX) (VAR) (WSM) (GLW) (FDX) Price Targets Cut

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Varian Medical Systems (NYSE: VAR), Williams-Sonoma, Inc. (NYSE:WSM), Corning (NYSE:GLW) and FedEx Corporation (NYSE:FDX) had their price targets cut by analysts.

Freeport-McMoRan Copper & Gold Inc. (FCX) had its price target cut by Morgan Stanley (NYSE:MS) to $65. They maintain their “Overweight” rating on the company.

Varian Medical Systems (VAR) had its price target lowered by analysts at Ticonderoga from $80.00 to $68.00. The have a “Buy” rating on the stock.

Williams-Sonoma, Inc. (WSM) had its price target lowered by analysts at Wedbush Securities. They maintained their “Outperform” rating on company, cutting its price target from $46 to $43.

Corning (GLW) had its price target cut from $18 to $16.50 by Citi Investment Research.

FedEx Corporation (FDX) had its price target slashed by JP Morgan (NYSE:JPM) from $116 to $105. They maintain an "Overweight" rating on the company.