Morgan Stanley Downgrades FMC to Equal-Weight, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Vincent Andrews has downgraded FMC (NYSE:FMC) from Overweight to Equal-Weight and lowered the price target from $100 to $70.
October 24, 2023 | 10:33 am
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FMC's rating has been downgraded by Morgan Stanley from Overweight to Equal-Weight, and its price target has been lowered from $100 to $70.
The downgrade from Morgan Stanley is likely to negatively impact FMC's stock price in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100