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FMC

FMC Corporation

$90.44

-1.51 (-1.64%)

, DWDP

DowDuPont

$70.32

-0.09 (-0.13%)

16:34
09/21/17
09/21
16:34
09/21/17
16:34

FMC Corporation cleared for proposed acquisition of DuPont Crop Protection unit

FMC Corporation (FMC) announced that it has received approval from the Competition Commission of India for the proposed acquisition of a significant portion of DuPont's (DWDP) Crop Protection business. The CCI is the final jurisdiction to grant antitrust clearance needed to satisfy regulatory conditions for closing. "FMC is pleased to have received CCI's approval," said Pierre Brondeau, FMC president, CEO and chairman. "We are on track to close our transactions with DuPont on November 1, 2017." FMC announced on March 31, 2017 the signing of a definitive agreement for FMC to acquire a portion of DuPont's Crop Protection business that it must divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company. FMC will acquire DuPont's global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and substantially all of DuPont's global crop protection R&D capabilities. Additionally, DuPont will acquire FMC's Health and Nutrition segment and receive $1.2 billion in cash.

FMC

FMC Corporation

$90.44

-1.51 (-1.64%)

DWDP

DowDuPont

$70.32

-0.09 (-0.13%)

  • 07

    Nov

FMC FMC Corporation
$90.44

-1.51 (-1.64%)

08/04/17
NOMU
08/04/17
UPGRADE
Target $97
NOMU
Buy
FMC Corporation upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Aleksey Yefremov upgraded FMC Corporation to Buy and increased its price target to $97 from $78 on increased growth and upside risks in both the Ag and Lithium businesses. The analyst said the crop price and crop protection demand risks are skewed to the upside and sees upside related to the pending acquisition of DuPont's crop protection assets. Further, McCourt said Lithium EBIT growth of $40M-$50M in 2018 appears conservative.
08/08/17
SUSQ
08/08/17
NO CHANGE
Target $100
SUSQ
Positive
FMC Corporation price target raised to $100 from $86 at Susquehanna
Susquehanna analyst Don Carson raised his price target on FMC Corporation (FMC) to $100 from $86, saying he sees 2018 as a transformational year highlighted by the integration of the DuPont (DD) crop protection acquisition and continued growth in lithium. Carson reiterated his Positive rating on FMC Corporation shares.
08/31/17
BOFA
08/31/17
UPGRADE
Target $100
BOFA
Buy
FMC Corporation upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Steve Byrne double upgraded FMC Corporation to Buy from Underperform and raised its price target to a Street high $103 from $65 following survey results that indicate ag sales are likely to increase 1-3% rather than decline 1-3% as previously expected. Byrne said FMC will be a structurally better business following the DuPont (DD) acquisition that doubles ag EBITDA and increases margins by 1000bps and further diversifies earnings, especially if competing product dicamba's use is restricted. The analyst sees upside to consensus 2018/19 estimates of 10-15% from ag growth volume acceleration, Dupont synergies, and higher price/volume in Lithium.
08/31/17
08/31/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FMC Corporation (FMC) upgraded to Buy from Underperform at BofA/Merrill with analyst Steve Byrne double upgrading FMC following survey results that indicate ag sales are likely to increase 1-3% rather than decline 1-3%, as previously expected. 2. Owens Corning (OC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East saying he sees an "inexpensive valuation" versus peers and has increased comfort in Owens' ability to achieve or surpass this year's targets. Hurricane Harvey is a boost to the company's roofing business, but its insulation replacement "may be the bigger winner," East tells investors. 3. ChannelAdvisor (ECOM) upgraded to Overweight from Equal-Weight at First Analysis with analyst Lawrence Berlin citing increased confidence in the company's ability to accelerate growth and hit its mid-teen growth targets after meeting with management. 4. Abercrombie & Fitch (ANF) upgraded to Sector Perform from Underperform at RBC Capital with analyst Brian Tunick saying a return to profitability in the second half of 2017 is more likely following Q2 results that suggest that turnaround efforts are yielding results faster than anticipated. 5. Transocean (RIG) upgraded to Overweight from Equalweight at Capital One with analyst Joseph Gibney saying the group is exhibiting some modest "green shoots" and sees upside to Transocean on a relative basis even in a long/measured recovery and some semblance of contracting pickup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DWDP DowDuPont
$70.32

-0.09 (-0.13%)

09/15/17
JPMS
09/15/17
INITIATION
Target $80
JPMS
Overweight
DowDuPont initiated with an Overweight at JPMorgan
JPMorgan analyst Jeffrey Zekauskas started DowDuPont with an Overweight rating and $80 price target. The analyst estimates the 2018 and 2019 free cash flow yields at 5.8% and 7.9%, respective, which he finds attractive.
09/15/17
09/15/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DowDuPont (DWDP) initiated with an Overweight at JPMorgan. 2. Lionsgate (LGF.A) initiated with an Outperform at FBN Securities. 3. Sage Therapeutics (SAGE) initiated on huge potential at RBC Capital. 4. Verifone (PAY) initiated with a Neutral at Citi. 5. Oclaro (OCLR) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/17
ARGS
09/19/17
INITIATION
ARGS
Buy
DowDuPont initiated with a Buy at Argus
Argus analyst Bill Selesky started coverage of DowDuPont with an $81 price target and a Buy rating. The analyst says that the company should benefit from its large size and scale, and he thinks that its synergy estimates are "conservative."
09/19/17
09/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Underperform at Jefferies. 2. DowDuPont (DWDP) initiated with a Buy at Argus. 3. Intuit (INTU) initiated with an Outperform at William Blair. 4. CVS Health (CVS) initiated with an Outperform at RBC Capital. 5. athenahealth (ATHN) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GE

General Electric

$14.49

-0.01 (-0.07%)

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

18:30
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Bright Scholar files to sell 10M American Depositary Shares »

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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

, CMD

Cantel Medical

$115.34

2.45 (2.17%)

18:03
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J&J sterilization unit draws bids from Cantel Medical, Medtronic, Bloomberg says »

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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

CMD

Cantel Medical

$115.34

2.45 (2.17%)

MDT

Medtronic

$80.39

-0.02 (-0.02%)

KKR

KKR

$21.96

0.18 (0.83%)

CG

Carlyle Group

$23.15

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MMM

3M

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1.02 (0.43%)

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

$68.16

0.16 (0.24%)

18:00
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Aetna: CVS deal part of long-term solution toward value-based system »

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AET

Aetna

$175.55

0.49 (0.28%)

CVS

CVS Health

$68.16

0.16 (0.24%)

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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Breaking Syndicate news story on MYnd Analytics »

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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Breaking Syndicate news story on MYnd Analytics »

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CTRV

ContraVir Pharmaceuticals

$0.27

0.0027 (1.02%)

17:43
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Gabriele Cerrone reports 7.0% stake in ContraVir Pharma, may seek board changes »

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

17:41
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Periodicals
VW settles U.S. diesel suit just before trial, Reuters reports »

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IAC

IAC

$153.99

3.2 (2.12%)

17:40
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Breaking Hot Stocks news story on IAC »

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SPG

Simon Property

$156.66

2.63 (1.71%)

17:37
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17:37
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Breaking Syndicate news story on Simon Property »

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FN

Fabrinet

$28.64

0.99 (3.58%)

17:35
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Fabrinet director Frank Levinson buys 10,000 shares of company stock »

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CASI

Casi Pharmaceuticals

$3.85

0.1 (2.67%)

17:33
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Breaking Syndicate news story on Casi Pharmaceuticals »

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

, TNDM

TNDM

17:31
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17:31
Hot Stocks
Breaking Hot Stocks news story on Dexcom, TNDM »

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

TNDM

TNDM

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IDXX

Idexx Laboratories

$187.61

3.75 (2.04%)

17:24
02/23/18
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Idexx Laboratories director sells 4,000 common shares »

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CYDY

CytoDyn

$0.72

0.02 (2.86%)

17:23
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Breaking Syndicate news story on CytoDyn »

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MRUS

Merus

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Breaking Hot Stocks news story on Merus »

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MSG

Madison Square Garden

$231.97

2.41 (1.05%)

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Silver Lake reports 4.9% stake in Madison Square Garden, may seek talks »

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MKL

Markel

$1,121.90

14.9 (1.35%)

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Breaking Syndicate news story on Markel »

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

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AGN

Allergan

$162.09

2.69 (1.69%)

, MYL

Mylan

$41.45

0.17 (0.41%)

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PTAB denies Allergan's bid to dismiss restasis patent challenge, Bloomberg says »

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AGN

Allergan

$162.09

2.69 (1.69%)

MYL

Mylan

$41.45

0.17 (0.41%)

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SCHW

Charles Schwab

$52.74

0.71 (1.36%)

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Charles Schwab appoints Joseph Martinetto as COO of the firm »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

, BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

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Kraft Heinz announces retirement of Warren Buffett from Board of Directors »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

BUD

AB InBev

$107.25

1.91 (1.81%)

QSR

Restaurant Brands

$59.46

1.02 (1.75%)

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SWX

Southwest Gas

$69.17

1.65 (2.44%)

17:02
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Southwest Gas increases quarterly common stock dividend »

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  • 01

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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Breaking Hot Stocks news story on Morgan Stanley, Applied Optoelectronics »

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
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Breaking Syndicate news story on HSBC »

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