Citigroup raises PT for agri-chemical companies on favorable weather, strong planting season
26/06/2025 12:32
** Citigroup says overall agri fundamentals are trending slightly above initial expectations due to favorable weather conditions and robust planting season ** "We continue to favor CTVA CTVA.N in the near-term, given robust seed portfolio more than offsetting the soft crop protection environment" - Citigroup ** Brokerage expects pricing support for FMC FMC.N later this year due to reduced capacity from a Chinese chemical plant explosion, and modest revenue growth from the fluindapyr sales agreement with CTVA Brokerage raises PT for the following companies:
| Company | New PT | Old PT | Upside |
| Corteva CTVA.N | $85 | $78 | 16.1% |
| FMC Corp FMC.N | $45 | $41 | 6.9% |
Recent news on FMC
See all newsRefile: BRIEF-Tessenderlo Group Secures $400 Million Investment In FMC Corporation
Brief: FMC Corporation Reaches Agreement For $400 Million Minority Equity Investment From Tessenderlo Group
Brief: Fmc Corporation And Corteva Expand Access To Breakthrough Rimisoxafen Herbicide Technology
Brief: Fmc Corporation Announces Agreement To Divest India Commercial Business To Crystal Crop Protection Limited
FMC Q1 revenue falls 4% on lower pricing