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.
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Read More on FMC:
- FMC Corporation price target raised to $70 from $64 at Mizuho
- FMC Corp Reports Strong Q3 Growth, Confirms Outlook
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- FMC Corporation sees Q4 adjusted EPS $1.47-$1.83, consensus $1.74
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