UBS Maintains Neutral on FMC, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has maintained a Neutral rating on FMC Corporation (NYSE:FMC) and reduced the price target from $64 to $59.
November 17, 2023 | 4:00 pm
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UBS analyst Joshua Spector maintains a Neutral stance on FMC but lowers the price target from $64 to $59, indicating a potential downside or limited upside.
The reduction in price target by a prominent analyst like Joshua Spector from UBS can influence market sentiment and potentially lead to a short-term negative impact on FMC's stock price. Investors often view a lower price target as a sign that the stock may not perform as well as previously expected, which can lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100