Wells Fargo Starts FMC Corp. (FMC) at Outperform; Like A Bridge Over Troubled Water
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Price: $10.15 -0.1%
Rating Summary:
14 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on FMC Corp. (NYSE: FMC) with an Outperform. PT range $84-$86.00.
Wells analyst says, "Between a low cost position and a more stable Industrial Chemicals earnings profile, strong demand amid tight lithium capacity and efforts to expand its food ingredients business, FMC is positioned for earnings growth in 2012 and longer term, in our view. Our 2011 and 2012 EPS estimates are $5.75 and $6.50, respectively."
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 $74.29 yesterday.
Wells analyst says, "Between a low cost position and a more stable Industrial Chemicals earnings profile, strong demand amid tight lithium capacity and efforts to expand its food ingredients business, FMC is positioned for earnings growth in 2012 and longer term, in our view. Our 2011 and 2012 EPS estimates are $5.75 and $6.50, respectively."
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 $74.29 yesterday.
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