Baird Starts FMC Corp. (FMC) at Neutral

Baird initiates coverage on FMC Corp. (NYSE: FMC) with a Neutral rating and a price target of $67.00.

Analyst Ben Kallo commented, "FMC is a quality specialty chemical company which produces agricultural, health and nutrition, and lithium products. Although we like the business and recent execution, we are looking for additional clarity around 2017, which is expected to be back-half loaded. Additionally, while FMC has one of the better lithium businesses in the market, Lithium represents a small piece of FMC’s business. We would look to become more constructive on pullbacks noting FMC is a leader in Agricultural Solutions."

For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.

Shares of FMC Corp. closed at $59.60 yesterday.

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