B of A Securities Downgrades FMC to Neutral, Announces $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Steve Byrne has downgraded FMC (NYSE:FMC) from Buy to Neutral and announced a price target of $63.
October 24, 2023 | 8:38 am
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NEGATIVE IMPACT
FMC has been downgraded from Buy to Neutral by B of A Securities, with a new price target of $63.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for FMC. This could potentially lead to a decrease in demand for the stock, negatively impacting its price in the short term. The new price target of $63 also provides a benchmark that the market may adjust to.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100