UPDATE: Jefferies Reiterates Buy Rating, Raises PT on FMC Corporation on Q4 Results

In a report published Monday, Jefferies reiterated its Buy rating on FMC Corporation

, and raised its price target from $66.00 to $68.00. Jefferies noted, “FMC's Q4 results revisited the familiar themes as strength in Ag offset incremental softness in the more cyclical chemicals product lines. Given a weaker outlook for soda ash and lithium, we are lowering 2013E $0.10 to $3.90. Evidence of a tailwind from new product introductions in Ag leads us to reiterate our Buy rating.” FMC Corporation closed on Friday at $59.82.