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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

, DWDP

DowDuPont

$31.10

0.16 (0.52%)

13:11
05/25/19
05/25
13:11
05/25/19
13:11

DowDuPont spinoff a new agriculture stock, FMC safer bet, Barron's says

The crop-protection and seeds and traits businesses of DowDuPont (DWDP) are being spun off as Corteva, which will be the largest stand-alone company selling crop inputs to farmers in 140 countries, Al Root writes in this week's edition of Barron's. But Corteva isn't the only option for investors looking to add agriculture exposure, the author notes, adding that FMC (FMC) looks like the safer bet right now. Reference Link

FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

DWDP

DowDuPont

$31.10

0.16 (0.52%)

  • 29

    May

  • 25

    Jun

FMC FMC Corporation
$70.88

-0.47 (-0.66%)

04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
MSCO
05/20/19
INITIATION
Target $82
MSCO
Equal Weight
FMC Corporation initiated with an Equal Weight at Morgan Stanley
Morgan Stanley initiated FMC Corporation with an Equal Weight and $82 price target.
05/20/19
MSCO
05/20/19
INITIATION
Target $82
MSCO
Equal Weight
Morgan Stanley starts FMC Corporation at Equal Weight given patent worries
As previously reported, Morgan Stanley initiated FMC Corporation with an Equal Weight and $82 price target. Though analyst Vincent Andrews said he sees FMC as "the best growth story in Ag," he thinks the stock could be held back by investor concern over "real and perceived" challenges associated with managing patent expirations for products representing 35% of company sales in 2022+. While he notes that FMC's products have multiple patents that expire in different years in different key countries and he believes the patent expiration is largely manageable, Andrews recognizes that patent concerns could weigh on the stock in the interim.
05/20/19
05/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Canada Goose (GOOS) initiated with a Buy at HSBC. 2. OneSpaWorld (OSW) initiated with a Buy at Jefferies. 3. Zoom Video (ZM) initiated with an Outperform at William Blair. 4. Beyond Meat (BYND) initiated with an Equal Weight at Consumer Edge. 5. FMC Corporation (FMC) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DWDP DowDuPont
$31.10

0.16 (0.52%)

04/16/19
04/16/19
DOWNGRADE
Target $40

Sector Perform
DowDuPont downgraded to Sector Perform at RBC Capital on Dow spinoff impact
As previously reported, RBC Capital analyst Arun Viswanathan downgraded DowDuPont to Sector Perform from Outperform and lowered his price target to $40 from $61, citing the impact of the company's spinoff of Dow on April 2nd. The analyst believes that DowDuPont's focus on its Specialty division opens it to the economic macro concerns in Europe and China. Viswanathan also points to the continued weakness in the company's Agriculture segment following the March floods in the Midwest as well as the separation costs related to the Dow spin and Corteva spin in June 2019, stating that DowDuPont looks "fairly priced at the current levels" given its two remaining divisions.
04/16/19
04/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HollyFrontier (HFC) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying he now sees a less attractive crude differential environment given a narrower Brent-WTI and WTI-WCS spread forecast in 2019 and 2020. 2. BP (BP) downgraded to Outperform from Top Pick at RBC Capital with analyst Biraj Borkhataria citing valuation. 3. Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying Cisco has executed well on rolling out its Catalyst 9000 products that have driven "solid" double digit growth in campus switching revenues. 4. DowDuPont (DWDP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the impact of the company's spinoff of Dow on April 2nd. 5. EOG Resources (EOG) and EQT Corporation (EQT) downgraded to Neutral from Buy at MKM Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/19
FBCO
05/03/19
NO CHANGE
Target $43
FBCO
Outperform
DowDuPont post-spin investor fears 'overdone,' says Credit Suisse
Credit Suisse analyst Christopher Parkinson maintained an Outperform rating and $43 price target on DowDuPont following Thursday's earnings report, saying that while Q2 guidance was a "tough" lighter than expectations, he thinks post-spin investor fears are "overdone." Parkinson notes that there is an ongoing debate on Corteva's pro-forma valuation, which he understands given Q4 and Q1 volatility, but ultimately believes product quality and better confidence in the ag macro will assuage fears of a de-valuation.
05/07/19
RHCO
05/07/19
NO CHANGE
Target $37
RHCO
Hold
DowDuPont price target lowered to $37 from $41 at SunTrust
SunTrust analyst James Sheehan lowered his price target on DowDuPont to $37 and kept his Hold rating after its below-consensus Q1 revenue reported last week that was driven by adverse U.S. weather in the quarter impacting volumes. The analyst expects the challenging market conditions to persist in Q2 but also believes that the back half of the year will see some recovery in the Agriculture, Electronics, and Auto end markets. Sheehan sees DowDuPont shares trading in a range even after the June spin of Corteva given the U.S.-China trade uncertainty and auto/electronics headwinds.

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NANO

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KEQU

Kewaunee Scientific

$22.34

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GM

General Motors

$36.71

0.58 (1.61%)

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FLXS

Flexsteel Industries

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ADBE

Adobe

$276.80

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Jabil

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EAF

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$10.95

0.14 (1.30%)

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PCG

PG&E

$19.15

0.27 (1.43%)

18:59
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  • 21

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STOK

Stoke Therapeutics

$0.00

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18:46
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  • 18

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LTXB

LegacyTexas Financial

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UNP

Union Pacific

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GM

General Motors

$36.71

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BXC

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EADSY

Airbus

$0.00

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, BA

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  • 09

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FB

Facebook

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  • 10

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OII

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$18.34

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APC

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  • 18

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GVA

Granite Construction

$44.64

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APC

Anadarko

$69.95

0.16 (0.23%)

, FTI

TechnipFMC

$23.76

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$23.76

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MDT

Medtronic

$97.96

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  • 19

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EAF

GrafTech

$10.95

0.14 (1.30%)

17:20
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APC

Anadarko

$69.95

0.16 (0.23%)

17:12
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