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FMC Corp. wins more analyst praise for DuPont deal, extends gains

Published 04/03/2017, 03:58 PM
FMC Corp. wins more analyst praise for DuPont deal, extends gains
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FMC
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  • FMC Corp . (FMC +1.1%), already up 13% Friday following its deal for part of DuPont (NYSE:DD)'s crop protection business, extends gains as two more research firms upgrade shares.
  • SunTrust upgrades shares to Buy from Hold and Susquehanna raises the stock to Positive from Neutral, suggesting the acquisition represents a potential transformation for the company, as the deal will be immediately accretive upon closing and the evolution to becoming a pure ag play is a positive development.
  • KeyBanc maintains its Overweight rating and raises its price target to $90 from $66, saying the transaction creates a more concentrated portfolio of ag-centric assets and driving pro forma EPS accretion of $1.00 in 2018.


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