Jefferies Reiterates a 'Buy' on FMC Corp. (FMC); Raises PT and Estimates

September 10, 2012 8:19 AM EDT Send to a Friend
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Price: $38.48 -0.57%

Rating Summary:
    6 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 19 | New: 49
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Jefferies reiterates a 'Buy' on FMC Corp. (NYSE: FMC) price target of $66.00 (from $63.00).

Analyst, Laurence Alexander, said, "We expect FMC's narrative to shift, with a greater emphasis on organic growth, capex to support it, and consequently less scope for further increases in ROIC. We are raising 2013E $0.05 to $4.00, and 2014E $0.10 to $4.55."

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 $55.95 yesterday.

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