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FMC

FMC Corporation

$83.04

0.58 (0.70%)

16:15
10/15/19
10/15
16:15
10/15/19
16:15

FMC Corporation initiated with an Outperform at Wells Fargo

Wells Fargo analyst Michael Sison initiated coverage of FMC Corporation with an Outperform rating and $100 price target.

  • 30

    Oct

FMC FMC Corporation
$83.04

0.58 (0.70%)

08/09/19
RBCM
08/09/19
UPGRADE
RBCM
Outperform
FMC Corporation upgraded to Outperform from Sector Perform at RBC Capital
08/09/19
RBCM
08/09/19
UPGRADE
Target $103
RBCM
Outperform
FMC Corporation upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Arun Viswanathan upgraded FMC Corporation to Outperform and raised his price target to $103 from $87 after its in-line Q2 earnings and raised FY19 guidance. The analyst says his prior view of a patent cliff for the company coming in 2022 was "mistaken", noting that FMC has the "process and formulation patents" protecting Rnaxypyr and Cyazypyr through 2025 and beyond. Viswanathan is also positive on the company's infrastructure and ability to sell AIs to third parties, with his new price target assuming a raised target multiple of 12-times from 11.5-times.
09/12/19
BMOC
09/12/19
NO CHANGE
Target $100
BMOC
Outperform
FMC Corp management 'comfortable' with near-term forecasts, says BMO Capital
BMO Capital analyst Joel Jackson keeps his Outperform rating and $100 price target on FMC Corp, saying that the discussions with its IR director Michael Wherley has given him confidence in the company's performance. The analyst notes that the management is comfortable that its near-term plans are on track, highlighting "many strong growth and free cash flow drivers in the years to come". Jackson believes that because of its diverse crop and regional sales mix, FMC can outperform even during an uncertain for agriculture industry period.
09/18/19
BNPP
09/18/19
INITIATION
Target $110
BNPP
Buy
FMC Corporation initiated with a Buy at BNP Paribas
xane BNP Paribas initiates FMC Corp with a Buy and $110 price target.

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