UPDATE: Jefferies Reiterates On FMC On Expected Slower Growth

In a report published Friday, Jefferies analyst Laurence Alexander reiterated a Buy rating on FMC FMC, but lowered the price target from $95.00 to $88.00. In the report, Jefferies noted, “We expect slower growth this cycle, with reacceleration plausible after 2020. Slower, however, still means 500bps or more faster than the S&P 500, available for 13.8x 2015E before FMC splits to emphasize its core formulation & R&D-driven technology platforms.” FMC closed on Thursday at $75.78.