FMC Corp. (FMC) Tops Q1 EPS by 5c, Lifts FY Guidance

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Piper Jaffray Raises Price Target on FMC Corp. (FMC) Following 1Q Beat and Raise

May 4, 2016 9:22 AM EDT

Piper Jaffray reiterated an Underweight rating on FMC Corp. (NYSE: FMC), and raised the price target to $35.00 (from $32.00), following the company's 1Q earnings report. FMC reported an adjusted EPS of $0.58, above the Street at $0.53, and was at the higher end of the guidance range ($0.48 - $0.60). Strength in the quarter was driven by the Lithium business, which is a small... More