Gabelli Has Buy Rating On FMC Corp (FMC)

Gabelli & Co. has a Buy rating on shares of FMC Corp

. In a note to investors, Gabelli writes, "Results for the first quarter were strong in all businesses due to volume and selling price increases as well as lower costs; these were partially offset by investments in growth initiatives. There are several capacity expansions currently underway: Lithium, food ingredients and soda ash We are estimating EPS of $5.60 for 2011 and $6.30 for 2012. Based on our assumptions PMV is $89 for 2011 and $102 for 2012" Shares of FMC closed at $83.35 yesterday.