Piper Jaffray Cuts Price Target on FMC Corp. (FMC) Following Pre-Released 3Q and Revised FY15 Guidance
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FMC Corporation Updates Third-Quarter and Full-Year 2015 Outlook
October 12, 2015 4:57 PM EDTPHILADELPHIA, Oct. 12, 2015 /PRNewswire/ --
Rapid devaluation of Brazilian real negatively impacting second-half 2015 outlook Performance of all businesses other than Agricultural Solutions Latin America in line with prior expectations Brazil operations to be restructured to align with current market conditions Global corporate costs to be further reduced Cheminova integration accelerated and additional cost savings identified Annual run-rate cost reduction from all actions of $140 to $160 million, compared to prior target of $90 millionFMC Corporation (NYSE: FMC) today announced that, due to the... More
