FMC Corporation downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded FMC Corporation citing valuation after shares rallied on the company's plans so split into two companies. Wells keeps a $78-$82 price target range for shares.
FMC Corporation sees FY16 CapEx $120M-$140M Sees FY16 AGS earnings $380M-$420M. Sees FY16 H&N earnings $198M-$208M. Sees FY16 lithium earnings $33M-$43M. Sees FY16 corporate costs $70M-$80M. Sees FY16 interest expense $75M-$85M. Sees FY16 adjusted tax rate 24%-26%. Sees FY16 CapEx $120M-$140M. Sees FY16 D&A $125M-$135M. Sees FY16 adjusted cash from operations $430M-$500M. Sees FY16 operating cash flow $670M-$720M.