Jefferies Starts FMC Corp. (FMC) at Buy, Sees 25% Upside

Jefferies initiates coverage on FMC Corp. (NYSE: FMC) with a Buy rating and $104 price target, suggesting 25% upside.

The firm states, "After a 7-year realignment that lifted EBITDA margins by roughly 600bps, FMC is now positioned as a high-margin specialty chemical company with strong market positions, a sustainable competitive advantage, robust cash generation, limited hydrocarbon risk, and up to $21 in call options on “green” themes such as electric cars and a smart grid roll-out."

For more ratings news on FMC Corp. click here and for the rating history of FMC Corp. click here.

Shares of FMC Corp. closed at $83.31 yesterday.

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