Nomura Securities Starts FMC Corp. (FMC) at Neutral

Nomura Securities initiates coverage on FMC Corp. (NYSE: FMC) with a Neutral rating and a price target of $63.00.

Analyst Aleksey Yefremov commented, "We initiate coverage of FMC Corporation (FMC) with a Neutral rating and a $63 target price. Consistent double-digit growth in FMC’s crop protection sales since 2010 has been the main pillar of our investment case, however, we see growth here decelerating to 4% in 2015, followed by 7-10% in 2016+. Management has been executing a well-thought-out ag growth strategy but we think negative cyclical factors will prevail over the next 12 months."

For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.

Shares of FMC Corp. closed at $54.99 yesterday.

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