Wells Fargo Downgrades FMC to Equal-Weight, Lowers Price Target to $102
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Richard Garchitorena has downgraded FMC (NYSE:FMC) from Overweight to Equal-Weight and lowered the price target from $142 to $102.
July 24, 2023 | 9:23 am
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FMC has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target of $102.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for FMC. The lowered price target from $142 to $102 also suggests that the analyst sees less upside potential in the stock, which could negatively impact its short-term price.
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