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UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on FMC Corporation

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In a report published Wednesday, Goldman Sachs Group reiterated its Neutral rating on FMC Corporation (NYSE: FMC), and slightly raised its price target from $59.00 to $60.00.

Goldman Sachs noted, “2013 EPS growth guidance is consistent with our/Street prior estimates, which implied 15% growth, although it appears to be more weighted towards Ag and less towards Industrial than we previously modeled and we adjust our estimate accordingly. Vision 2015 targets seem most aggressive to us at the Industrial segment, which assumes a rebound in soda ash prices from 2012/13 levels as well as successful mix improvement. While the Industrial EBIT target may prove high, Ag and Specialty targets seem achievable to us, and the growth shift away from M&A is positive, in our opinion.”

FMC Corporation closed on Tuesday at $54.21.

Latest Ratings for FMC

DateFirmActionFromTo
Feb 2017RBC CapitalInitiates Coverage OnOutperform
Feb 2017Longbow ResearchUpgradesNeutralBuy
Dec 2016Goldman SachsUpgradesNeutralBuy

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Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings

 

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