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Fly News Breaks for May 4, 2017
FMC
May 4, 2017 | 07:38 EDT
Credit Suisse analyst Christopher Parkinson raised his price target for FMC Corporation to $85 from $77 on an improving ag set-up in Brazil/APAC. The analyst says the near-term pullback presents an opportunity, while noting that investor focus appears to be on working capital concerns, challenging NA pricing and weaker than expected Q2 guidance, all of which he believes are explainable. He reiterates an Outperform rating on the shares.
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