FMC Corporation price target raised to $159 from $155 at Goldman Sachs

Goldman Sachs analyst Adam Samuelson raised the firm’s price target on FMC Corporation to $159 from $155 and keeps a Buy rating on the shares after its Q4 earnings beat and the management’s "conservative" below-consensus FY23 guidance. The prudence in the outlook is predicated on incoming headwinds from an inflationary environment, FX and higher interest rates expected to be front-loaded during the year, the analyst tells investors in a research note. The firm further cites its "optimistic macro outlook" for crop protection demand over the short to medium term from secular tailwinds in tight grain and oilseed balances.