FMC Corporation assumed with an Overweight at Wells Fargo

Wells Fargo analyst Richard Garchitorena assumed coverage of FMC Corporation with an Overweight rating and $148 price target as he expands coverage into the agriculture sector. He expects the company to benefit from strong farmer economics and sees the innovation portfolio driving above-market growth, Garchitorena tells investors. He also cites FMC’s "best-in-class product portfolio and innovation-focus," as well as bolt-on deals such as Biophero.