Goldman Sachs Downgrades FMC to Neutral, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has downgraded FMC (NYSE:FMC) from Buy to Neutral and lowered the price target from $135 to $59.
October 24, 2023 | 8:41 am
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NEGATIVE IMPACT
FMC's rating has been downgraded from Buy to Neutral by Goldman Sachs, with a significant reduction in price target from $135 to $59.
The downgrade from Buy to Neutral indicates a less optimistic outlook for FMC by Goldman Sachs. The significant reduction in price target from $135 to $59 suggests that the analyst expects a decrease in FMC's stock price in the short term. This could potentially lead to a negative impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100