FMC Corp (FMC) PT, Est. Cut at Jefferies on Likely Deceleration; 'Buy' Maintained
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Rating Summary:
17 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Jefferies analyst Laurence Alexander lowered his price target on FMC Corp. (NYSE: FMC) to $88.00 (from $95.00) noting likely deceleration but maintained a Buy rating.
Alexander commented, "We expect slower growth this cycle, with reacceleration plausible after 2020. Slower, however, still means 500bps or more faster than the S&P 500, available for 13.8x 2015E before FMC splits to emphasize its core formulation & R&D-driven technology platforms."
The firm cut FY 2014 EPS from $4.45 to $4.40 and FY 2015 EPS from $5.40 to $5.30.
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 $75.78 yesterday.
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