FMC Corp. (FMC) PT Raised to $61 at Instinet
Instinet analyst Aleksey Yefremov reiterates Neutral rating and raises price target on FMC Corporation (NYSE: FMC) to $61 (from $57), citing somewhat improved risk to reward prospects from the company.
Yefremov notes, “FMC delivered no major surprises in 4Q but failed to meet increased 2017 expectations. The issue was the combination of below-consensus 1Q guide ($0.55 vs. Street at 0.73E) and absence of upside to full-year 2017 guidance ($3.40 vs. Street at $3.36E). We see management’s assumptions for the back end of 2017 as less conservative now than before the 4Q report, making upward revisions to guidance less likely in the near term.”
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 $57.03 yesterday.