FMC price target raised to $15 from $14 at Citi

Citi analyst Patrick Cunningham raised the firm’s price target on FMC (FMC) to $15 from $14 and keeps a Neutral rating on the shares. Fertilizer and energy prices have moved higher amid the Middle East conflict, but the near-term impact on the agriculture cycle is “relatively manageable,” the analyst tells investors in a research note. Citi believes planting decisions are likely to only be impacted “around the margin.”