FMC Shares Rise on Baird Upgrade to Outperform
The price target was also increased to $95 from $86.
FMC (FMC) - Get Free Report shares rose Wednesday after Robert W. Baird & Co. upgraded the stock of the maker of crop-protection chemicals to outperform from neutral.
Analyst Benjamin Kallo also increased his price target to $95 from $86, saying the Philadelphia company is well-positioned for growth in revenue and adjusted pretax profit in 2020 and beyond, according to Bloomberg.
FMC shares were up 2.6% to $85.18. The stock is up about 19% over the past year and was trading 8% below its high of $92.13 reached in September.