Morgan Stanley Maintains Overweight on FMC, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vincent Andrews has maintained an Overweight rating on FMC (NYSE:FMC) but lowered the price target from $145 to $110.
July 11, 2023 | 1:12 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on FMC but lowered the price target from $145 to $110.
The news is directly related to FMC as the company's stock has been rated by Morgan Stanley. The lowering of the price target might indicate a potential decrease in the stock's value, but the maintained Overweight rating suggests that the stock is still expected to outperform. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100