Redburn Atlantic raised the firm’s price target on FMC Corporation (FMC) to $79 from $78 and keeps a Buy rating on the shares. The firm names FMC a top pick in agricultural chemicals, saying “mean reversion potential” to drive compound annual revenue growth of 12% from 2024 to 2027. Destocking hurt the company most among all suppliers and FMC has gone from having industry leading organic growth and margins to lowest, the analyst tells investors in a research note.
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Read More on FMC:
- FMC Corporation price target raised to $81 from $78 at RBC Capital
- FMC Corporation price target raised to $70 from $64 at Mizuho
- FMC Corp Reports Strong Q3 Growth, Confirms Outlook
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