Deutsche Bank upgrades Freeport to ‘buy’ on lower policy risks
** Deutsche Bank upgrades copper miner Freeport 
FCX[1] to "buy" from "hold"; shares marginally down
** An escalating trade war is the main downside risk to copper prices - Deutsche Bank
** "The company's high gold exposure and U.S. production base provides hedges against macro and policy developments (unlike major copper peers)" - Deutsche Bank
** Brokerage says "a material cash flow upside from potential U.S. copper tariffs and other possible policy measures" and an attractive valuation among reasons for upgrade
** Says the miner has underperformed the copper price over the past 6 months due to operational issues in Indonesia
** As of last close, shares up 0.21% YTD