RBC Capital raised the firm’s price target on FMC Corporation to $81 from $65 and keeps an Outperform rating on the shares after its Q1 earnings beat. Volume was down 27% in Q1 due to destocking and grower purchases closer to the time of application, though the firm notes positive volume growth expected in Q2 as channel inventories normalize and as new product growth remains strong, the analyst tells investors in a research note.
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