As reported earlier, BMO Capital analyst Joel Jackson upgraded FMC Corporation to Outperform from Market Perform and raised his price target to $95 from $90. Jackson says greater exposure to the agricultural sector is warranted given the apparent trough in the ag/grower sentiment. The analyst also points to "similar or lower" valuation multiple for FMC relative to other ag/fertilizer/commodity chemical stocks, adding that the "15% lithium mix" should provide a "higher multiple kicker". Jackson also raised his FY18 EPS view to $5.70 from $5.50, reflecting the company's March 29th upgrade in earnings guidance.