FMC Corp Faces Significant Price Target Cuts Amid Downgraded Q2 And 2023 Forecasts
Portfolio Pulse from Lekha Gupta
FMC Corp (NYSE:FMC) has seen several analysts cut their price targets for the company following a reduction in Q2 and 2023 guidance. The company has lowered its Q2 revenue expectations to $1.00 billion-$1.03 billion and adjusted EBITDA to $185 million-$190 million. 2023 revenue guidance has also been cut to $5.20 billion-$5.40 billion and adjusted EBITDA to $1.30 billion-$1.40 billion. Analysts from Mizuho Securities, Loop Capital, Morgan Stanley, Keybanc Capital Markets, RBC Capital Markets, BMO Capital Markets, and Credit Suisse have all lowered their price targets for FMC.
July 11, 2023 | 6:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FMC Corp has seen a reduction in price targets from several analysts following a downgrade in Q2 and 2023 guidance.
The reduction in Q2 and 2023 guidance by FMC Corp has led to several analysts cutting their price targets for the company. This negative news is likely to have a short-term negative impact on the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100