Keybanc Maintains Overweight on FMC, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov has maintained an Overweight rating on FMC (NYSE:FMC) but lowered the price target from $117 to $107.
October 03, 2023 | 9:34 am
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FMC's price target has been lowered by Keybanc from $117 to $107, although the Overweight rating is maintained.
The news directly pertains to FMC as the company's price target has been lowered by Keybanc. However, the Overweight rating is maintained which indicates that the analyst still believes the stock will outperform the market. This could have a neutral impact on the stock's price in the short term as the lowered price target might be seen as a negative signal, but the maintained Overweight rating could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100