UPDATE: Jefferies Increases PT to $125 on FMC Corporation; Solid Q1, Conservative Guide

Jefferies raises its price target from $113 to $125 on Buy-rated FMC Corporation

following a solid quarter and a likely-conservative guidance. Jefferies says, "Q1 was $0.10 above consensus and $0.07 above our forecast. Segment profits were $0.03 better than forecast. FMC tightened the FY12 EPS range to $6.80-$7.05 from $6.70-$7.05, assuming Ag profits up 10%-15% YoY, Specialty 5% and Industrial 20%. The new Environmental Solutions business will likely be a focal point for M&A. We are raising our price target $12 to $125." FMC closed at $109.51 on Tuesday.