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Fly News Breaks for April 12, 2019
FMC
Apr 12, 2019 | 09:28 EDT
Loop Capital analyst Chris Kapsch is lowering his FY19 and FY20 EPS outlook for FMC Corp by 10c to $5.65 and $6.55 respectively, saying a more cautious stance is warranted by the "significant weather-driven disruption in North America" and the possibility of sourcing challenges from China becoming "more acute". In spite of these "transient" challenges, the analyst is keeping his Buy rating and $102 price target on the shares given its "transformational" deal with DuPont to become a "best-in-class Agriculture chemicals franchise", its "well-balanced global portfolio", and the "above-market organic growth prospects."
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