RBC Capital raised the firm’s price target on FMC Corporation (FMC) to $81 from $78 and keeps an Outperform rating on the shares after its Q3 earnings beat. The buyside expectations were more pessimistic given weaker pricing and a customer bankruptcy in Brazil, while the early Q4 dry weather has improved in Brazil, the analyst tells investors in a research note. FMC is also showing good diamides growth and improved visibility, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FMC:
- FMC Corporation price target raised to $70 from $64 at Mizuho
- FMC Corp Reports Strong Q3 Growth, Confirms Outlook
- Early notable gainers among liquid option names on October 30th
- FMC Corporation sees Q4 adjusted EPS $1.47-$1.83, consensus $1.74
- FMC Corporation reports Q3 adjusted EPS 69c, consensus 53c