BofA/Merrill Lynch Upgrades FMC Corp. (FMC) to Buy

BofA/Merrill Lynch upgraded FMC Corp. (NYSE: FMC) from Neutral to Buy while maintaining a price target of $65.00.

Analyst Kevin McCarthy cited a 1) stable outlook for crop protection chemicals demand in 2015, 2) a relative lack of crude oil-related risk, 3) a likely cessation of negative revision to consensus EPS following pending diversiture of soda ash, 4) synergies and EPS accretion from $1.8 billion acquisition of Cheminova and 5) penitential or ongoing industry consolidation in CPC.

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 $57.54 yesterday.

You May Also Be Interested In

• BofA Securities Upgrades Etsy (ETSY) to Buy, 'Still Room to Run'
• Seaport Global Securities Upgrades Analog Devices (ADI) to Buy, 'appears to be entering the sweet part of the cycle'
• Jefferies Downgrades Sunway Healthcare Holdings (SUNMED:MK) to Hold